(a) The bonds shall be executed by the facsimile signature of the Chair of the Arkansas Economic Development Council and by the manual signature of the Director of the Arkansas Economic Development Commission.
(b) Interest coupons attached to the bonds shall be executed with the facsimile signature of the chair.
(c) Delivery of the bonds and coupons so executed 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 7 - Industrial Development Guaranty Bond Act
§ 15-4-702. Authority to use Arkansas Economic Development Council moneys if account is insufficient
§ 15-4-703. Authority to issue bonds — Arkansas Economic Development Council determinations
§ 15-4-704. Authorizing resolution — Bond issuance, form, and contents
§ 15-4-706. Execution and delivery of bonds
§ 15-4-707. Temporary notes or bonds
§ 15-4-709. Arkansas Economic Development Council obligations — Deposit of revenues and net proceeds
§ 15-4-710. Notice to State Board of Finance — Disposition of bond debt service amount