192 chapters · 4,300 sections in this title.
Ark. Code Ann. § 14-91-1001 Authority to sell
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(a) Wherever in any city or incorporated town in this state a waterworks plant and a sewer system have been constructed by the same improvement district as part of a single improvement, the city or town council shall have authority to sell the waterworks. (b) (1) To that end, the…
Ark. Code Ann. § 14-91-1002 Proceedings to approve sale
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(a) The council of any municipal corporation may sell its system of waterworks, together with the right to operate it, when they shall determine, by resolution adopted by a majority vote of the council, that it would be for the best interest of the town or city that the sale be c…
Ark. Code Ann. § 14-91-1003 Purchase of waterworks
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(a) (1) The purchaser of the water system in any city or town in this state shall pay at least the appraised value for the plant.(2) (A) If the purchaser desires to assume an amount of bonds equal to the purchase price outstanding against the plant, he shall give to the city or t…
Ark. Code Ann. § 14-91-1004 Effect of sale
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The sale of the property as mentioned in this subchapter shall not work a forfeiture of the corporate entity of the improvement district. Rather, it shall be maintained for the operating of the sewer system which is to be retained by the district and the town and city.