Arkansas § 14-334-110 - Security for bonds.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-334-110 — Security for bonds., with citation guidance and answers to common questions.
§ 14-334-110. Security for bonds.
The principal of and interest on all bonds issued under the authority of this chapter may be secured by a pledge of, and shall be payable from, transit system revenues or liens on real and personal property of the authority. Each resolution authorizing the issuance of bonds, and this chapter, shall constitute a contract by and between the authority and the holders and registered owners of all bonds issued under the authority of this chapter. The contract and all covenants, agreements, and obligations therein, including, without limitation, an obligation on the part of the authority to properly maintain the transit system and to charge and collect transit system revenues in required amounts, all as specified in detail in the authorizing resolution, the trust indenture, and in this chapter, shall be promptly performed in strict accordance with the terms and provisions of the contract. The contract and all rights of the trustee and holders and registered owners of the bonds and the obligations of the authority may be enforced by mandamus or any other appropriate proceeding at law or in equity.
Frequently Asked Questions About Arkansas § 14-334-110
What does Arkansas Code of 1987 Annotated § 14-334-110 cover?
Section 14-334-110 ("Security for bonds.") 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 § 14-334-110?
A common citation format is "Arkansas Code of 1987 Annotated § 14-334-110" (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 § 14-334-110 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.