No provision of this act and no deed or act done or performed under or in connection therewith shall be construed to obligate the State of Arkansas to pay or guarantee, in any manner whatsoever, any stock, bond, note, or other evidence of indebtedness authorized, issued, or executed under the provisions of this act.
Stocks, bonds, notes, etc. — Liability of state
Ark. Code Ann. § 23-3-107 — under Regulation of Utilities and Carriers Generally.
Ark. Code Ann. § 23-3-107