The municipalities or counties desiring to avail themselves of the benefit of this subchapter and to join in the issuance of bonds as provided in this subchapter shall have the power to lease the port to an operating person, company, or corporation in such manner and upon such terms as may be deemed to be in the best interest of the municipalities or counties.
Structure Arkansas Code
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 186 - Harbors And Port Facilities Generally
Subchapter 4 - Joint Operation of Ports by Municipalities and Counties
§ 14-186-401. Legislative intent
§ 14-186-404. Powers generally
§ 14-186-405. Provisions in authorizing ordinance or order
§ 14-186-407. Right of eminent domain
§ 14-186-408. Obligations incurred by municipalities or counties
§ 14-186-409. Issuance of revenue bonds generally
§ 14-186-410. Notice and hearing on issuance
§ 14-186-411. Execution and sale of bonds
§ 14-186-412. Payment of bonds
§ 14-186-413. Statutory mortgage lien
§ 14-186-414. Service rates and surplus
§ 14-186-415. Depository for funds