The bonds shall be sold at not less than ninety cents (90¢) on the dollar. The proceeds derived therefrom shall be used exclusively for the purposes for which the bonds are issued. They may be sold at one (1) time or in parcels as funds are needed.
Structure Arkansas Code
Subtitle 12 - Public Utilities Generally
Chapter 205 - Natural Gas Distribution Systems
§ 14-205-102. Election on bond issue
§ 14-205-103. Provisions of ordinance
§ 14-205-104. Publication of ordinance and notice
§ 14-205-106. Bonds as negotiable instruments — Execution
§ 14-205-107. Amounts of bonds
§ 14-205-108. Sale of bonds — Use of proceeds
§ 14-205-109. Interest on bonds
§ 14-205-110. Bonds — Nature of indebtedness