This subchapter shall not limit the authority of any city of the first or second class or incorporated town to lease, let, sell, or convey any real property pursuant to the Constitution and laws of Arkansas concerning the issuance of bonds for the purpose of industrial development and other lawful purposes.
Authority to issue bonds
Ark. Code Ann. § 14-54-404, under Powers of Municipalities Generally.
Ark. Code Ann. § 14-54-404