Bonds issued under this chapter may be sold with the privilege of conversion to an issue bearing a lower rate or rates of interest upon such terms that the authority issuing the bonds receive no less and pay no more than it would receive and pay if the bonds were not converted. The conversion shall be subject to the approval of the authority issuing the bonds.
Structure Arkansas Code
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 185 - Metropolitan Port Authorities
§ 14-185-104. Power to establish
§ 14-185-105. Organization of authority
§ 14-185-106. Members of the board of authority
§ 14-185-107. Permanent records of authority
§ 14-185-108. General purposes of authority
§ 14-185-109. Powers of authority generally
§ 14-185-110. Warehouse facilities — Proposals for lease or operation
§ 14-185-111. Acquisition of rights-of-way and property
§ 14-185-112. Condemnation of utility system prohibited
§ 14-185-113. Operation of terminal railroads
§ 14-185-114. Dealings with federal government
§ 14-185-115. Assistance by municipalities and counties
§ 14-185-116. Authority to borrow funds, issue bonds
§ 14-185-117. Bonds — Authority to issue
§ 14-185-118. Bonds — Covenants and agreements — Enforcement
§ 14-185-119. Bonds — Purposes
§ 14-185-120. Bonds — Principal amount
§ 14-185-121. Bonds — Resolution or trust indenture generally
§ 14-185-122. Bonds — Authorizing resolution
§ 14-185-123. Bonds — Terms and conditions
§ 14-185-124. Bonds — Trust indenture
§ 14-185-125. Bonds — Contents
§ 14-185-127. Bonds, coupons — Execution
§ 14-185-128. Bonds — Conversion
§ 14-185-130. Bonds — General or special obligations
§ 14-185-131. Bonds — Liability
§ 14-185-132. Bonds — Pledge of revenues
§ 14-185-134. Bonds — Tax exemption
§ 14-185-135. Bonds as legal investment