The bonds may be sold at public or private sale for whatever price including, without limitation, sale at a discount, and in whatever manner as the municipality may determine by ordinance.
Structure Arkansas Code
Subtitle 12 - Public Utilities Generally
Chapter 202 - Joint Municipal Electric Power Generation
§ 14-202-103. Authorization to construct and operate project
§ 14-202-104. Contracts to acquire interest in project
§ 14-202-105. Sale of excess capacity
§ 14-202-106. Acquisition of licenses and permits
§ 14-202-107. Contracts to exchange and transmit electric power
§ 14-202-108. Bonds — Issuance generally
§ 14-202-109. Bonds — Terms and conditions
§ 14-202-110. Bonds — Trust indenture
§ 14-202-112. Bonds, coupons — Execution and seal
§ 14-202-113. Bonds — Priority among issues
§ 14-202-114. Bonds — Mortgage lien
§ 14-202-115. Bonds — Default — Receiver
§ 14-202-116. Bonds — Nature of indebtedness
§ 14-202-118. Rates, fees, and charges — Disposition — Pledges
§ 14-202-119. Enforcement of rights under ordinance or trust indenture
§ 14-202-120. Bonds and projects — Tax exemption
§ 14-202-121. Investment of public funds in bonds