Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any municipality, or the board of trustees of any retirement system created by the General Assembly may, in its discretion, invest any of its funds in bonds issued under the provisions of this chapter. Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
Structure Arkansas Code
Subtitle 12 - Public Utilities Generally
Chapter 203 - Municipal Electric System Financing
§ 14-203-103. Scope of chapter
§ 14-203-104. Authorization to finance electric system
§ 14-203-105. Bonds — Issuance generally
§ 14-203-106. Bonds — Terms and conditions
§ 14-203-107. Bonds — Trust indenture
§ 14-203-109. Bonds, coupons — Execution — Seal
§ 14-203-110. Bonds — Priority among issues
§ 14-203-111. Bonds — Nature of indebtedness — Surplus revenues
§ 14-203-113. Bonds — Mortgage lien
§ 14-203-114. Bonds — Default — Receiver
§ 14-203-115. Rates, fees, and charges — Disposition — Pledges
§ 14-203-116. Rights of holder or owner of bonds