The principal of and interest on, and paying agent's fees in connection with, the bonds shall be secured by a lien on and pledge of, and shall be payable from, the assessments levied against the real property within the district.
Structure Arkansas Code
Subtitle 7 - Water and Soil Improvement Districts
Chapter 122 - Municipal Drainage Improvement Districts
Subchapter 2 - District Financing
§ 14-122-201. Authority to borrow money and issue bonds or certificates — Security
§ 14-122-203. Authorizing resolution
§ 14-122-205. Contents of bonds
§ 14-122-207. Execution of bonds — Seal
§ 14-122-208. Security and payment of bonds
§ 14-122-209. Bonds — Tax exemption
§ 14-122-210. Board liability on bonds
§ 14-122-211. Additional funds — Supplemental annual assessment