The acquisitions of rights-of-way, payment of damages, construction of bridges, maintenance, or any other payment or contribution required of the local interests by the plan of the district may be hastened by the borrowing of money by the board at a rate of interest not exceeding six percent (6%) per annum. The board may issue its negotiable bonds or its negotiable evidences of debt signed by such officers as the members of the board may, by resolution, designate, and the board may pledge all assessments of benefits for the repayment thereof.
Structure Arkansas Code
Subtitle 7 - Water and Soil Improvement Districts
Chapter 118 - Improvement Districts for Rivers
Subchapter 1 - General Provisions
§ 14-118-102. Subchapter cumulative
§ 14-118-103. Petition to establish district
§ 14-118-104. Petition — Lands in more than one county
§ 14-118-105. Establishment order — Appeal
§ 14-118-106. Board of commissioners
§ 14-118-107. District use of federal agency plans
§ 14-118-108. Assessment of benefits and damages
§ 14-118-109. Filing of assessment — Notice and hearing — Appeal
§ 14-118-110. Tax levy — Appeal
§ 14-118-111. Extension of tax upon books — Collection, delinquency, redemption
§ 14-118-112. Board authority to borrow money and issue bonds
§ 14-118-113. District rights, powers, and privileges
§ 14-118-114. Contracts of assurance with federal agencies — Eminent domain