(a) Each bond shall:
(1) Be signed with the manual or facsimile signatures of the Governor, the Chair of the Board of Directors of the Arkansas Development Finance Authority, and the Treasurer of State; and
(2) Have affixed, imprinted, or lithographed on the bond the Great Seal of the State of Arkansas.
(b) Delivery of the bonds shall be valid notwithstanding any change in persons holding such offices occurring after the bonds have been executed.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 4 - Development Of Business And Industry Generally
Subchapter 32 - Arkansas Amendment 82 Implementation Act
§ 15-4-3203. Amendment 82 project qualification
§ 15-4-3204. Amendment 82 agreement
§ 15-4-3206. Compliance time period — Audit requirements
§ 15-4-3208. Amendment 82 bonds
§ 15-4-3210. Authorization of bonds
§ 15-4-3211. Form and delivery of bonds
§ 15-4-3212. Sale and price of bonds
§ 15-4-3213. Deposit of bond proceeds
§ 15-4-3214. General obligation bonds
§ 15-4-3215. Annual determination of moneys required for bond repayment
§ 15-4-3216. Exemption from taxes — Eligible to secure deposits — Legal for investment
§ 15-4-3218. Contractual obligations of state — Enforcement
§ 15-4-3219. No rights until first series of bonds sold and delivered — Outstanding bonds unaffected
§ 15-4-3220. Legal actions heard as preferred cause — Appeals
§ 15-4-3221. Monitoring and reporting