The refunding bonds:
(1) Shall be negotiable instruments;
(2) May have coupons evidencing interest, payable annually or semiannually; and
(3) Shall have all the rights of security and remedies for collection that are provided for the original bonds issued by the county.
Structure Arkansas Code
Subtitle 4 - Public Finance Generally
Chapter 72 - Bonds of Counties, Cities, and Towns
Subchapter 2 - Refunding Bonds of Counties Generally
§ 14-72-201. Authority to refund — Procedure
§ 14-72-202. Form of bonds — Rights and remedies
§ 14-72-204. Tax for original bonds continued for refunding bonds
§ 14-72-205. Refunding bonds under Arkansas Constitution, Amendment 17