Arkansas § 14-267-102 - Definitions.

§ 14-267-102. Definitions.

As used in this chapter, unless the context otherwise requires: “Acquire” means to obtain by gift, purchase, or other arrangement any pollution control facilities, including, without limitation, those theretofore existing, those theretofore constructed and equipped, those theretofore partially constructed and equipped, and those being constructed and equipped at the time of acquisition, for such consideration and pursuant to such terms and conditions as the governing body of the municipality or the county court shall determine; “Construct” means to acquire or build extensions, in whole or in part, in such manner and by such method including contracting therefor and, if the latter, by negotiation or bidding upon such terms and pursuant to such advertising as the municipality or county shall determine to be in the public interest and necessary under the circumstances existing at the time to accomplish the purposes of, and authorities set forth in, this chapter; “Equip” means to install or place in or on any building or structure equipment, of any and every kind, whether or not affixed, including, without limitation, building service equipment, fixtures, heating equipment, air conditioning equipment, machinery, furniture, furnishings, and personal property of every kind; “Facilities” or “pollution control facilities” means any real property, personal property, or mixed property of any and every kind that can be used or that will be useful in pollution control of sewerage, solid waste, air, water, or any other type whatever, or any combination thereof, including, without limitation, rights-of-way, roads, streets, pipes, pipelines, reservoirs, utilities, materials, equipment, fixtures, machinery, furniture, furnishings, instrumentalities, buildings, improvements, and other real, personal, or mixed property of every kind; “Governing body” means the council, board of directors, or city commission of any municipality; “Lease” means to lease for such rentals, for such period or periods, and upon such terms and conditions as the municipality or county shall determine and the granting of such extension and purchase options for such prices and upon such terms and conditions as the municipality or county shall determine; “Municipality” means a city of the first or second class or an incorporated town; “Sell” means to sell for such price, in such manner, and upon such terms as the municipality or county shall determine including, without limitation, public or private sale and, if public, pursuant to such advertisement as the municipality or county shall determine. “Sell” also means to sell for cash or credit, payable in a lump sum or in installments over such period as the municipality or county shall determine and, if on credit, with or without interest and at such rate or rates as the municipality or county shall determine; “Loan” means to loan for such period or periods, at such rate or rates of interest, in such manner, and upon such terms and conditions as the municipality or county shall determine including, without limitation, a secured or unsecured loan.