No property shall be acquired under this subchapter upon which any lien or other encumbrance exists unless at the time the property is acquired a sufficient sum of money be deposited in trust to pay and redeem the lien or encumbrance in full.
Structure Arkansas Code
Subtitle 14 - Solid Waste Disposal, Waterworks, And Sewers Generally
Chapter 235 - Municipal Sewage Systems
Subchapter 2 - Operation of Systems by Municipalities
§ 14-235-203. Authority generally
§ 14-235-204. Extent of authority
§ 14-235-205. Authority to own, etc., systems
§ 14-235-206. Appointment of sewer committee
§ 14-235-207. Powers and duties of sewer committee
§ 14-235-208. Appointment, members, etc., of sanitary board
§ 14-235-209. Powers and duties of sanitary board
§ 14-235-210. Power of eminent domain
§ 14-235-211. Acquisition of encumbered property
§ 14-235-212. Contracting with other political subdivisions
§ 14-235-213. Enactment of ordinance before construction or acquisition
§ 14-235-215. Issuance of revenue bonds and notes generally
§ 14-235-216. Terms, execution, and sale of bonds
§ 14-235-217. Additional bonds authorized
§ 14-235-218. Issuance of additional bonds
§ 14-235-219. Securing of bonds by trust indenture
§ 14-235-220. Enforcement of rights by bondholders or trustee
§ 14-235-221. Sinking fund to pay bonds and interest
§ 14-235-222. Allocation of funds from bonds and revenues
§ 14-235-223. Rates and charges for services — Lien
§ 14-235-224. Service payments by municipalities
§ 14-235-225. Authority for joint undertaking
§ 14-235-226. Public improvements — Award procedure — Definitions