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Arkansas Code Title 14. Local Government § 14-205-111. Statutory mortgage lien

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

(a) A statutory mortgage lien shall be imposed upon the gas system constructed from the proceeds of bonds authorized by this chapter. The lien shall exist in favor of the holders of the bonds and the holders of coupons attached to the bonds.

(b) The gas system shall remain subject to the statutory mortgage lien until payment in full of the principal and interest of the bonds.

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Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-205-111. Statutory mortgage lien - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-205-111/

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