(a)
(1)
(A) The bonds shall be executed by the manual or facsimile signature of the chairman of the board and by the manual signature of the secretary of the board.
(B) The coupons attached to the bonds shall be executed by the facsimile signature of the chairman.
(2) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before the delivery of the bonds or coupons, their signatures shall, nevertheless, be valid and sufficient for all purposes.
(b) The district shall adopt and use a seal in the execution and issuance of the bonds, and each bond shall be sealed with the seal of the district.
Structure Arkansas Code
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 184 - Central Business Improvement Districts
Subchapter 1 - General Provisions
§ 14-184-103. Legislative determinations
§ 14-184-106. Other laws applicable
§ 14-184-107. Authority to create districts
§ 14-184-108. Petition for organization — Notice and hearing
§ 14-184-109. Rules governing petitions
§ 14-184-110. Organizational expenses
§ 14-184-111. Board of commissioners
§ 14-184-112. Plans and estimated cost of improvement
§ 14-184-113. Expenditures for services
§ 14-184-114. Abandonment of improvement
§ 14-184-115. Powers of improvement district generally
§ 14-184-116. Power of eminent domain
§ 14-184-117. Powers of municipal governing bodies
§ 14-184-118. Supplemental annual assessments
§ 14-184-119. Revenue-producing facilities
§ 14-184-120. Authority to borrow, issue bonds, etc. — Security — Amount
§ 14-184-121. Bonds — Authorizing resolution
§ 14-184-122. Bonds — Terms and conditions
§ 14-184-123. Bonds — Trust indenture
§ 14-184-125. Bonds — Execution and seal
§ 14-184-127. Obligation on bonds
§ 14-184-128. Bonds — Tax exemption