Arkansas § 14-234-509 - Bonds — Nature of indebtedness.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-234-509 — Bonds — Nature of indebtedness., with citation guidance and answers to common questions.
§ 14-234-509. Bonds — Nature of indebtedness.
Bonds issued under the provisions of this subchapter shall be payable solely from the total revenues derived from the waterworks systems of all of the municipalities joining in the undertaking. The bonds shall not in any event constitute an indebtedness of the municipalities within the meaning of the constitutional provisions or limitations. It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter, that it does not constitute an indebtedness of the municipalities within any constitutional or statutory limitation, and that it is the joint and several obligation of all the municipalities executing the bond, payable solely from the total net revenues of the waterworks systems of the municipalities.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-234-509
What does Arkansas Code of 1987 Annotated § 14-234-509 cover?
Section 14-234-509 ("Bonds — Nature of indebtedness.") 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 § 14-234-509?
A common citation format is "Arkansas Code of 1987 Annotated § 14-234-509" (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 § 14-234-509 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.