Arkansas § 15-4-409 - Authorizing resolution and trust indenture.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-409 — Authorizing resolution and trust indenture., with citation guidance and answers to common questions.
§ 15-4-409. Authorizing resolution and trust indenture.
Before revenue bonds shall be issued, the Arkansas Economic Development Council shall adopt an authorizing resolution and trust indenture which, together with this subchapter, shall constitute a contract between the council and the holders and registered owners of the bonds. The contract and all covenants, agreements, and obligations therein shall be promptly performed in strict compliance with the terms and conditions of the contracts, and the covenants, agreements, and obligations of the Arkansas Economic Development Commission shall be enforced by mandamus or other appropriate proceedings at law or in equity.
Frequently Asked Questions About Arkansas § 15-4-409
What does Arkansas Code of 1987 Annotated § 15-4-409 cover?
Section 15-4-409 ("Authorizing resolution and trust indenture.") 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 § 15-4-409?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-409" (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 § 15-4-409 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.