Arkansas Code Title 14. Local Government § 14-185-123. Bond forms and characteristics

(1) Be coupon bonds payable to bearer;

(2) Be registered as to principal or as to principal and interest, or be coupon bonds subject to registration as to principal or as to principal and interest;

(3) Be in one (1) or more series;

(4) Bear such date or dates;

(5) Mature at such time or times, not exceeding thirty-five (35) years from their respective dates;

(6) Bear interest at such rate or rates;

(7) Be in such form;

(8) Be executed in such manner;

(9) Be payable in such medium of payment at such place or places;

(10) Be subject to such terms of redemption; and

(11) Contain such terms, covenants, and conditions including, without limitation, those pertaining to: