Bonds may be sold to be delivered and paid for in installments estimated to be as funds will be needed by the school district; but if sold on such terms, they shall be plainly stated in the advertisement of the sale, so that all bidders may bid on equal terms.
Ark. Code Ann. § 6-20-1207
Delivery and payment in installments
Acts 1931, No. 169, § 64; Pope's Dig., § 11497; A.S.A. 1947, § 80-1107.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.