(a) The ordinance or order authorizing the bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture which defines the rights of the owners of the bonds and provides for the appointment of a trustee for the owners of the bonds.
(b) The trust indenture may provide for the priority between and among successive issues and may contain any of the provisions set forth in § 14-142-209, and any other terms, covenants, and conditions that are deemed desirable.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 142 - Local Government Library Bonds
Subchapter 2 - Local Government Library Bond Act
§ 14-142-202. Legislative intent
§ 14-142-205. Subchapter supplemental
§ 14-142-207. Bonds generally — Authorizing ordinance for municipalities
§ 14-142-208. Bonds generally — Election to authorize issuance
§ 14-142-209. Bonds generally — Terms and conditions
§ 14-142-210. Bonds generally — Interest rates
§ 14-142-211. Bonds generally — Trust indenture
§ 14-142-212. Bonds generally — Contents
§ 14-142-213. Bonds generally — Sale
§ 14-142-214. Bonds generally — Execution
§ 14-142-215. Bonds generally — Successive issues
§ 14-142-216. Bonds generally — Pledge of taxes generally
§ 14-142-217. Bonds generally — Liability
§ 14-142-218. Bonds generally — Pledge and collection of ad valorem taxes
§ 14-142-219. Bonds generally — Interim borrowing