The remainder of the outstanding bonds issued by a municipal waterworks improvement district shall remain as an indebtedness against it and shall be paid by a levy on the assessment of benefits of the district in force at the time of a sale.
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