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192 chapters · 4,300 sections in this title.
Ark. Code Ann. § 14-219-101 Lease
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(a) The board of commissioners of any improvement district, operating a system of waterworks, gas plants, or electric plants belonging to and owned by any improvement district, may lease the system of waterworks, gas plants, or electric plants for such period of time and upon suc…
Ark. Code Ann. § 14-219-102 Sale
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(a) The board of commissioners of any improvement district owning a system of waterworks, gas plants, or electric plants may sell the system or any of them, together with the right to operate them, when they shall determine by resolution adopted by a majority vote of the board th…
Ark. Code Ann. § 14-219-103 Payment — Bond
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(a) Where the sale price is an amount greater than the outstanding secured indebtedness of the district, at least the excess over the amount of the secured indebtedness shall be paid in cash. (b) (1) All deferred payments, if any, shall be secured by a bond for one and one-half (…
Ark. Code Ann. § 14-219-104 Deed of conveyance — Sale of all property — Satisfaction of lien
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(a) The transfer of property under this chapter shall be evidenced by a deed of conveyance in the usual form and with the usual covenants or warranty. However, a lien against the property sold shall be retained in the deed for all of the unpaid sale price with the right, upon def…