Unless set forth in the ordinance, obligation, or short-term financing agreement, all obligations issued under the provisions of this chapter are negotiable instruments within the meaning of the negotiable instruments law of the state.
Structure Arkansas Code
Subtitle 4 - Public Finance Generally
Chapter 78 - Local Government Short-Term Financing Obligations
§ 14-78-103. Authorization for issuance of obligations
§ 14-78-104. Refunding obligations
§ 14-78-105. Obligations may be secured by mortgage lien
§ 14-78-107. Obligations are negotiable instruments