2014 Arkansas Code
Title 14 - Local Government
Subtitle 3 - Municipal Government
Chapter 57 - Regulation And Taxation Of Vehicles By Municipalities
Subchapter 6 - Parking Meter Revenues
§ 14-57-610 - Acceleration of maturities -- Priorities.
(a) The ordinance authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of all unmatured bonds in the event of default in the payment of any principal or interest maturing under the bond issue, or upon failure to meet any sinking fund requirements, or in any other event stipulated in the ordinance; and such provisions will be binding.
(b) The priorities as between successive issues of revenue bonds may also be controlled by the provisions of the ordinance.
Disclaimer: These codes may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
