(a) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter and that the bonds are obligations only of the regional solid waste management district.
(b) No member of the regional solid waste management board shall be personally liable on the bonds or for any damages sustained by anyone in connection with any contracts entered into in carrying out the purpose and intent of this subchapter unless he or she shall have acted with corrupt intent.
(c) The principal of and interest on the bonds shall be payable from and may be secured by a pledge of revenues derived from the project acquired, constructed, reconstructed, equipped, extended, or improved, in whole or in part, with the proceeds of the bonds or obligations of the owners of projects.
Structure Arkansas Code
Chapter 6 - Disposal of Solid Wastes and Other Refuse
Subchapter 8 - Bonds by Regional Solid Waste Management Districts
§ 8-6-803. Pledge of rents, fees, and charges
§ 8-6-804. Bonds — Issuance, execution, and sale
§ 8-6-805. Bonds — Trust indenture
§ 8-6-807. Bonds — Liability — Payment and security
§ 8-6-808. Refunding bonds — Issuance
§ 8-6-809. Pledge of rates, fees, and charges
§ 8-6-810. Rights of bondholders
§ 8-6-811. Bonds — Tax exemption
§ 8-6-812. Tax-exempt status of property and income of district
§ 8-6-813. Investment of public funds in bonds
§ 8-6-814. Transfer of facilities to district by county or municipality