Arkansas § 14-120-239 - Issuance of bonds — Interest coupons.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-120-239 — Issuance of bonds — Interest coupons., with citation guidance and answers to common questions.
§ 14-120-239. Issuance of bonds — Interest coupons.
Bonds may be sold and negotiated in any market after due advertisement and may be made callable as the board of directors may direct. The bonds so issued shall be signed by the president of the board and countersigned by the secretary. The bonds shall bear interest at a rate not exceeding an average of three and one-half percent (3½%) per annum, over the period of the life of the bonds, represented by semiannual coupons. The place of payment and the amount of the several installments to be paid each year may be fixed by the board. The interest coupons shall be authenticated by the lithographed signature of the president of the board.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-120-239
What does Arkansas Code of 1987 Annotated § 14-120-239 cover?
Section 14-120-239 ("Issuance of bonds — Interest coupons.") 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 § 14-120-239?
A common citation format is "Arkansas Code of 1987 Annotated § 14-120-239" (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 § 14-120-239 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.