Skip to main content
Find a Lawyer

Arkansas Code Title 12. Law Enforcement, Emergency Management, and Military Affairs § 12-41-708. Bonds--Terms and conditions

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) As the county jail board, municipal jail board, or public instrumentality jail board shall determine, the bonds:

(1) Shall be registrable as to both principal and interest;

(2) May contain exchange provisions;

(3) May be in a form and denomination as the board determines;

(4) May be payable on a date or dates as the board determines;

(5) May be stated to mature at a time or times as the board determines;

(6) May bear interest payable at such times and at such rate or rates as the board determines;

(7) May be made payable at places within and without the State of Arkansas;

(8) May be made subject to terms of redemption in advance of maturity at times and at prices as the board determines; and

(9) May contain other terms and conditions as the board determines.

(b) The bonds shall have all the qualities of negotiable instruments under the laws of the State of Arkansas, subject to provisions as to registration or ownerships as set forth in subsection (a) of this section.

(c) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter and under the provisions of the resolution of the board authorizing the issuance thereof.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arkansas Code Title 12. Law Enforcement, Emergency Management, and Military Affairs § 12-41-708. Bonds--Terms and conditions - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-12-law-enforcement-emergency-management-and-military-affairs/ar-code-sect-12-41-708/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard