The sale of the property as mentioned in this subchapter shall not work a forfeiture of the corporate entity of the improvement district. Rather, it shall be maintained for the operating of the sewer system which is to be retained by the district and the town and city.
Structure Arkansas Code
Subtitle 5 - Improvement Districts Generally
Chapter 91 - Construction, Operation, Repair, and Sale of Municipal Improvements
Subchapter 10 - Sale of Waterworks
§ 14-91-1001. Authority to sell
§ 14-91-1002. Proceedings to approve sale
§ 14-91-1003. Purchase of waterworks