Arkansas § 12-41-706 - Bonds — Authorizing resolution.
Full text of Arkansas Arkansas Code of 1987 Annotated § 12-41-706 — Bonds — Authorizing resolution., with citation guidance and answers to common questions.
§ 12-41-706. Bonds — Authorizing resolution.
The bonds shall be authorized by resolution of the county jail board, municipal jail board, or public instrumentality jail board. The authorizing resolution, as the board shall determine, may contain any terms, covenants, and conditions that are deemed necessary or desirable by the board including, without limitation, those pertaining to the: Creation and maintenance of various funds and reserves; Nature and extent of the security; Issuance of additional series of bonds and the priority of lien and pledge in that event; and Rights, duties, and obligations of the board and of the holders and registered owners of the bonds. The authorizing resolution may provide for the execution of a trust indenture with a bank or trust company located within or outside the State of Arkansas containing appropriate terms, covenants, and conditions.
Frequently Asked Questions About Arkansas § 12-41-706
What does Arkansas Code of 1987 Annotated § 12-41-706 cover?
Section 12-41-706 ("Bonds — Authorizing resolution.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 12-41-706?
A common citation format is "Arkansas Code of 1987 Annotated § 12-41-706" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 12-41-706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.