(a) For the purpose of and in connection with the issuance of bonds, the board of trustees may execute such documents and enter into such agreements as it may deem necessary or proper in connection therewith.
(b)
(1) Any agreement entered into by the board of trustees shall be binding in all respects upon the board of trustees and their successors from time to time in accordance with the terms and all of the provisions of the agreement.
(2) The terms and provisions shall be enforceable by appropriate proceedings at law or in equity, or otherwise, provided no mortgage or other lien shall be executed on any of the lands or buildings belonging to the State of Arkansas.
Structure Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 61 - Postsecondary Institutions Generally
Subchapter 10 - Technical College and Community College Capital Improvement Act of 1993
§ 6-61-1003. Issuance of bonds
§ 6-61-1004. Authorization of bond issue — Terms of authorizing resolution
§ 6-61-1005. Additional terms of authorizing resolution
§ 6-61-1006. Signature on bonds
§ 6-61-1007. Interest on bonds
§ 6-61-1010. Authority of Arkansas Higher Education Coordinating Board
§ 6-61-1011. Authority of board of trustees — Issuance of bonds
§ 6-61-1012. Authority of board of trustees — Financing a project
§ 6-61-1013. Authority of board of trustees — Refunding bonds
§ 6-61-1014. Authority of board of trustees — Use of available funds