Arkansas Code Title 14. Local Government § 14-202-109. Bonds--Form--Characteristics

(1) Be coupon bonds payable to bearer, subject to registration as to principal or as to principal and interest, or fully registered bonds without coupons;

(2) Contain exchange privileges;

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

(4) Bear such date or dates;

(5) Mature at such time or times;

(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 in advance of maturity at such prices; and

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