Form of bonds — Rights and remedies

Ark. Code Ann. § 14-72-202, under Bonds of Counties, Cities, and Towns.

Ark. Code Ann. § 14-72-202

(1) The refunding bonds:(1) Shall be negotiable instruments;(2) May have coupons evidencing interest, payable annually or semiannually; and(3) Shall have all the rights of security and remedies for collection that are provided for the original bonds issued by the county.

(1) Shall be negotiable instruments;

(2) May have coupons evidencing interest, payable annually or semiannually; and

(3) Shall have all the rights of security and remedies for collection that are provided for the original bonds issued by the county.