Bonds may be sold to be delivered and paid for in installments estimated to be as funds will be needed by the school district; but if sold on such terms, they shall be plainly stated in the advertisement of the sale, so that all bidders may bid on equal terms.
Delivery and payment in installments
Ark. Code Ann. § 6-20-1207 — under Finances.
Ark. Code Ann. § 6-20-1207