2015 Arkansas Code
Title 14 - Local Government
Subtitle 12 - Public Utilities Generally
Chapter 201 - Municipal Boards And Commissions
Subchapter 3 - Cities of the Second Class and Towns
§ 14-201-327 - Sale or mortgage of plants and machinery.
No board of public utilities created under the terms of this subchapter shall ever have the right to sell, mortgage, or create any lien whatsoever upon any of the plants under its jurisdiction, except that the board, from time to time, may sell and dispose of any machinery or equipment not necessary to the maintenance or operation of the plants, and, in the purchase of any equipment for the plants, the seller may retain title to or a vendor's lien upon the property purchased from him by the board.
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.
