There is a newer version of the Arkansas Code
2010 Arkansas Code
Title 14 - Local Government
Subtitle 12 - Public Utilities Generally
Chapter 205 - Natural Gas Distribution Systems
§ 14-205-111 - Statutory lien upon system.
14-205-111. Statutory lien upon system.(a) A statutory mortgage lien shall be imposed upon the gas system constructed from the proceeds of bonds authorized by this chapter. The lien shall exist in favor of the holders of the bonds and the holders of coupons attached to the bonds.
(b) The gas system shall remain subject to the statutory mortgage lien until payment in full of the principal and interest of the bonds.
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