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2010 Arkansas Code
Title 14 - Local Government
Subtitle 12 - Public Utilities Generally
Chapter 205 - Natural Gas Distribution Systems
§ 14-205-110 - Bonds -- Nature of indebtedness.

14-205-110. Bonds -- Nature of indebtedness.

(a) Bonds issued under this chapter shall be payable solely from revenues derived from the gas system.

(b) The bonds shall not, in any event, constitute an indebtedness of the municipality within the meaning of the constitutional provisions.

(c) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter.

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