Arkansas Code
Subchapter 5 - Economic and Industrial Development Revenue Bond Law
§ 14-164-506. Authority to obtain and develop industry

Any municipality and any county is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise deal in or dispose of industrial facilities of any and every nature whatever that can be used in securing or developing industry within or near the municipality or county.