Title 14, Local Government

There is conferred upon corporations incorporated as public corporations under this chapter the authority to take such action and to do or cause to be done such things as shall be necessary or desirable to accomplish and implement the purposes and intent of this chapter according…

(a) Whenever any number of natural persons, but not fewer than three (3), files with the governing body an application in writing for authority to incorporate a public corporation under this chapter, if it is made to appear to the governing body that each of the persons is a duly…

(a) The articles of incorporation of the corporation shall state:(1) The names of the persons forming the corporation, together with the residence of each person forming the corporation, and a statement that each person is a qualified elector of the municipality or county;(2) The…

(a) The articles of incorporation shall be signed and acknowledged by the incorporators and shall have attached to them a certified copy of the resolution required by § 14-175-107. (b) (1) The articles of incorporation, together with a certified copy of the resolution required by…

(a) The corporation shall have a board of directors composed of five (5) to fifteen (15) members, as specified in the corporation's articles of incorporation. (b) All powers of the corporation shall be exercised by the board or pursuant to its authorization. (c) (1) (A) The direc…

(a) (1) The officers of the corporation shall consist of:(A) A chair;(B) A vice chair;(C) A secretary;(D) A treasurer; and(E) Such other officers as the board shall deem necessary to accomplish the purposes for which the corporation was organized.(2) The offices of secretary and …

(a) The corporation shall have and exercise all of the rights, powers, privileges, authority, and functions given by the general laws of this state to nonprofit corporations incorporated under the Arkansas Nonprofit Corporation Act of 1993, § 4-33-101 et seq. (b) In addition to t…

(a) All tax proceeds received by a corporation under § 14-174-101 et seq. shall be used for any one (1) or more of the following purposes:(1) To pay administrative costs incurred by the corporation;(2) To pay costs incurred in connection with a project;(3) To pay costs incurred f…

(1) A corporation may spend tax revenue received under this chapter for job training offered through an enterprise only if the enterprise has committed in writing to:(1) Create new jobs that pay wages that are at least equal to the prevailing wage for the applicable occupation in…

The corporation, the corporation's board of directors, officers, employees and agents, the local government approving the organization of a corporation, members of the governing body of the local government, and employees of the local government are not liable for damages arising…

(a) Each corporation shall make a written report to the governing body that created the corporation concerning its activities for the preceding calendar year. (b) Each report shall include audited financial statements covering the corporation's operations during the preceding cal…

(a) Each corporation is subject to the provisions of the Arkansas Nonprofit Corporation Act of 1993, § 4-33-101 et seq., to the extent that those provisions are not in conflict with the provisions of this chapter. (b) If a provision of the Arkansas Nonprofit Corporation Act of 19…