reglab/housing_qa huggingface dataset:
AR Code § 14-202-108 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-108. Bonds — Issuance generally

 (a) Municipalities are authorized to use any available funds and revenues to pay and provide for costs and expenses of accomplishing the purposes authorized by this chapter and, for the purpose of paying project costs or the portion thereof pertaining to its interest in the project, a municipality may issue revenue bonds as provided in this chapter.  (b) The issuance of bonds shall be by an ordinance of the governing body of the municipality.
AR Code § 14-202-109 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-109. Bonds — Terms and conditions

 (a) As the ordinance may provide, the bonds may:  (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:  (A) The custody and application of the proceeds of the bonds;  (B) The collection and disposition of revenues;  (C) The maintenance of various funds and reserves;  (D) The investing and reinvesting of any moneys during periods not needed for authorized purposes;  (E) The nature and extent of the security;  (F) The rights, duties, and obligations of the municipality and the trustee for the holders or registered owners of the bonds; and  (G) The rights of the holders or registered owners of the bonds.      (b) The bonds shall have all the qualities of negotiable instruments under the laws of this state, subject to the provisions for registration set forth herein.
AR Code § 14-202-110 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-110. Bonds — Trust indenture

 (a) The ordinance may provide for the execution of a trust indenture by the municipality with a bank or trust company within or without the state.  (b) The trust indenture may control the priority between successive issues and may contain any other terms, covenants, and conditions that are deemed desirable by the governing body including, without limitation, those pertaining to the custody and application of the proceeds of the bonds, the collection and disposition of revenues, the maintenance of various funds and reserves, the investing and reinvesting of any moneys during periods not needed for authorized purposes, the nature and extent of the security, the rights, duties, and obligations of the municipality and the trustee for the holders or registered owners of the bonds, and the rights of the holders or registered owners of the bonds.  (c) It shall not be necessary for the municipality to publish any trust indenture, or any security agreement or other instrument, if the ordinance authorizing the trust indenture or security agreement or other instrument is published as required by the law governing the publication of ordinances of a municipality, and the ordinance advises that a copy of the trust indenture or security agreement or other instrument, as the case may be, is on file in the office of the clerk of the municipality for inspection by any interested person, and the copy of the trust indenture or security agreement or other instrument, as the case may be, is filed with the clerk of the municipality.
AR Code § 14-202-111 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-111. Bonds — Sale

 The bonds may be sold at public or private sale for whatever price including, without limitation, sale at a discount, and in whatever manner as the municipality may determine by ordinance.
AR Code § 14-202-112 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-112. Bonds, coupons — Execution and seal

 (a)  (1)  (A) Bonds issued hereunder shall be executed by the manual or facsimile signatures of the mayor and clerk of the municipality.  (B) Any coupons attached to the bonds may be executed by the facsimile signature of the mayor of the municipality.    (2) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be officers before the delivery of the bonds or coupons, their signatures shall, nevertheless, be valid and sufficient for all purposes.    (b) The seal of the municipality shall be placed or printed on each bond in such manner as the governing body of the municipality shall determine.
AR Code § 14-202-113 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-113. Bonds — Priority among issues

 Priority between and among successive issues may be controlled by the ordinance.
AR Code § 14-202-114 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-114. Bonds — Mortgage lien

 (a) The ordinance or trust indenture authorizing or securing any bonds issued hereunder may impose a foreclosable mortgage lien upon the interest of the municipality in the project financed in whole or in part with the proceeds of the bonds or upon all or any part of the electric system of the municipality.  (b) The nature and extent of the mortgage lien may be controlled by the ordinance or trust indenture, including, without limitation, provisions pertaining to the release of all or part of the project properties or the electric system, as the case may be, from the mortgage lien and the priority of the mortgage lien in the event of the issuance of additional bonds.  (c) Subject to whatever terms, conditions, and restrictions may be contained in the ordinance or trust indenture, any holder or registered owner of bonds issued under this chapter, or of any coupon attached thereto, may, either at law or in equity, enforce the mortgage lien and may, by proper suit, compel the performance of the duties of the officials of the municipality set forth in the ordinance or trust indenture authorizing or securing the bonds.
AR Code § 14-202-115 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-115. Bonds — Default — Receiver

 (a) In the event of a default in the payment of the principal of, premium, if any, or interest on any bonds issued under this chapter, any court having jurisdiction may appoint a receiver to take charge of all or any part of the electric system of the municipality.  (b) The receiver shall have the power to operate and maintain the electric system and to charge and collect rates, fees, and charges sufficient to provide for the payment of the principal of, premium, if any, and interest on the bonds, after providing for the payment of any costs of receivership and operating expenses of the electric system, and to apply the revenues derived from the electric system in conformity with this chapter and the ordinance or trust indenture authorizing or securing the bonds.  (c) When the default has been cured, the receivership shall be ended and the electric system returned to the municipality.  (d) The authority of a receiver hereunder to take charge of, operate, or maintain any part of the electric system represented by an undivided interest in a project, shall be subject to the provisions of any and all contracts with others relative to the ownership, operation, and maintenance of the project and the receiver shall assume only the rights and obligations of the municipality therein.  (e) The relief afforded by this section shall be construed to be in addition and supplemental to the remedies that may be afforded the trustee for the bondholders and the bondholders in the ordinance or trust indenture authorizing or securing the bonds and shall be granted and administered so as to accord full recognition to priority rights of bondholders as the pledge of revenues from, and the mortgage lien on, the electric system as specified in and fixed by the ordinances or trust indentures authorizing or securing successive bond issues.
AR Code § 14-202-116 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-116. Bonds — Nature of indebtedness

 (a) The bonds and coupons issued under this chapter shall not be general obligations of the municipality, but shall be special obligations payable from and secured by a pledge of revenues derived from the municipality's electric system and otherwise secured as provided in this chapter.  (b) In no event shall the bonds and coupons constitute an indebtedness of the municipality within the meaning of any constitutional or statutory limitation.  (c) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter and that it does not constitute an indebtedness of the municipality within any constitutional or statutory limitation.
AR Code § 14-202-117 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-117. Refunding bonds

 (a) Bonds may be issued for the purpose of refunding any bonds issued under this chapter. Refunding bonds may be combined with bonds issued under the provisions of §§ 14-202-108 — 14-202-115 into a single issue.  (b) When refunding bonds are issued, they may either be sold or delivered in exchange for the bonds being refunded. If sold, the proceeds may be either applied to the payment of the bonds being refunded or deposited in escrow for the retirement thereof.  (c) All refunding bonds shall in all respects be issued and secured in the manner provided for other bonds issued under this chapter and shall have all the attributes of those bonds.  (d) The ordinance under which the refunding bonds are issued may provide that any of the refunding bonds shall have the same priority of lien on and security interest in electric system revenues and the electric system as was enjoyed by the bonds refunded thereby.
AR Code § 14-202-118 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-118. Rates, fees, and charges — Disposition — Pledges

 (a)  (1) A municipality is authorized to fix, charge, and collect rates, fees, and charges for electric power and energy from its electric system.  (2) For so long as any bonds are outstanding and unpaid, the rates, fees, and charges shall be fixed so as to provide revenues sufficient to pay all costs of and charges and expenses in connection with the proper operation and maintenance of its electric system, including its interest in any project, and all necessary repairs, replacements, or renewals thereof, to pay when due the principal of, premium, if any, and interest on all bonds, including bonds subsequently issued for additional projects or other additions, improvements, and betterments to its electric system, payable from the revenues, to create and maintain reserves as may be required by any ordinance or trust indenture authorizing or securing bonds, and to pay any and all amounts which the municipality may be obligated to pay from electric system revenues by law or contract.    (b) Any pledge made by a municipality pursuant to this chapter shall be valid and binding from the date the pledge is made. The revenues so pledged and then held or thereafter received by the municipality or any fiduciary on its behalf shall immediately be subject to the lien of the pledge without any physical delivery thereof or further act. The lien of the pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the municipality without regard to whether the parties have notice thereof. The ordinance, trust indenture, or other instrument by which a pledge is created need not be filed or recorded in any manner.
AR Code § 14-202-119 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-119. Enforcement of rights under ordinance or trust indenture

 Any holder or registered owner of bonds or coupons appertaining thereto, except to the extent the rights given under this chapter may be restricted by the ordinance or trust indenture authorizing or securing the bonds and coupons, may, either at law or in equity, by suit, action, mandamus, or other proceeding, protect and enforce any and all rights under the laws of this state or granted as provided in this chapter, or, to the extent permitted by law, under such ordinance or trust indenture authorizing or securing the bonds or under any agreement or other contract executed by the municipality pursuant to this chapter. The holder or owner may enforce and compel the performance of all duties required by this chapter or by the ordinance or trust indenture to be performed by any municipality or by any officer thereof, including the fixing, charging, and collecting of rates, fees, and charges.
AR Code § 14-202-120 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-120. Bonds and projects — Tax exemption

 (a) Bonds issued under the provisions of this chapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes, including property, income, inheritance, and estate taxes.  (b) Any interest in a project of a municipality shall be exempt from all state, county, and municipal taxes, including property, income, inheritance, and estate taxes.
AR Code § 14-202-121 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-121. Investment of public funds in bonds

 Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any municipality, or the board of trustees of any retirement system created by the General Assembly may, in its discretion, invest any of its funds in bonds issued under the provisions of this chapter, and bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
AR Code § 14-202-122 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-122. Contracts for grants-in-aid and loans

 The governing body of any municipality is authorized to make application and to enter into contracts for and to accept grants-in-aid and loans from the United States and the State of Arkansas, and their agencies, for planning, acquiring, constructing, expanding, maintaining, and operating any project or electric system or participating in any research or development program, or performing any function which the municipality may be authorized by law to provide or perform.
AR Code § 14-202-123 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 202 - Joint Municipal Electric Power Generation|§ 14-202-123. Exemption of projects from other laws

 Participation by a municipality in the acquisition, construction, reconstruction, enlargement, equipment, or operation and maintenance of projects under the provisions of this chapter need not comply with the requirements of any other law applicable to the acquisition, construction, reconstruction, enlargement, equipment, or operation and maintenance of public works or facilities, including, without limitation, laws pertaining to public bidding, paying prevailing wages, transfer or exchange of title to real or personal property, or any other aspect of the acquiring, constructing, reconstructing, enlarging, equipping, or operation or maintenance of public works or public projects, or transfer or exchange of title to real or personal property, none of which laws shall be applicable to projects under this chapter.
AR Code § 14-203-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 203 - Municipal Electric System Financing|§ 14-203-101. Title

 This chapter may be referred to and cited as the “Municipal Electric System Financing Act.”
AR Code § 14-203-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 203 - Municipal Electric System Financing|§ 14-203-102. Definitions

 As used in this chapter, unless the context otherwise requires:   (1) “Bonds” means bonds and any series of bonds authorized by and issued pursuant to the provisions of this chapter;  (2) “Clerk” means city clerk, city recorder, town recorder, or other similar office hereafter created or established;  (3) “Costs” means, but shall not be limited to:  (A) All costs of acquisition, construction, reconstruction, improvement, enlargement, betterment, or extension of any electric system, including the costs of studies, plans, specifications, surveys, and estimates of costs and revenues relating thereto;  (B) All costs of land, land rights, rights-of-way and easements, water rights, fees, permits, approvals, licenses, certificates, franchises, and the preparation of applications for and securing them;  (C) Administrative, organizational, legal, engineering, and inspection expenses;  (D) Financing fees, expenses, and costs;  (E) Working capital;  (F) Initial and reload fuel costs;  (G) Contracts for the purchase of electric power and energy from others;  (H) All machinery and equipment including construction equipment;  (I) Interest on the bonds during the period of construction and for such reasonable period thereafter as may be determined by the issuing municipality;  (J) Establishment of reserves; and  (K) All other expenditures of the issuing municipality incidental, necessary, or convenient to the acquisition, construction, reconstruction, improvement, enlargement, betterment, or extension of any electric system;    (4) “Electric system” means any system for the generation, transmission, or distribution of electric power or energy;  (5) “Governing body” means the council, board of directors, commission, or other governing body of a municipality;  (6) “Municipality” means any city of the first class which owns an electric system whether operated by it or by a person under a franchise, lease, or other agreement or arrangement between the municipality and such person;  (7) “Person” means any natural person, firm, corporation, electric cooperative corporation, nonprofit corporation, association, or improvement district; and  (8) “State” means the State of Arkansas.
AR Code § 14-203-103 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 203 - Municipal Electric System Financing|§ 14-203-103. Scope of chapter

 (a) Nothing in this chapter shall be construed as modifying or diminishing the present authority of municipalities respecting the ownership and operation of their electric systems including, without limitation, the authority contained in §§ 14-202-101 — 14-202-123 and §§ 14-204-101 — 14-204-112.  (b) Nothing in this chapter shall be construed to authorize any municipality to issue or sell bonds under the provisions of this chapter or to use the proceeds thereof to purchase, condemn, or otherwise acquire a utility plant or distribution system or portion thereof owned or operated by a regulated public utility without the consent of such public utility.
AR Code § 14-203-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 203 - Municipal Electric System Financing|§ 14-203-104. Authorization to finance electric system

 Municipalities are authorized to use any available funds and reserves to pay and provide for costs and expenses of owning and operating an electric system and, for the purpose of paying electric system costs, a municipality may issue revenue bonds as provided in this chapter.
AR Code § 14-203-105 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 203 - Municipal Electric System Financing|§ 14-203-105. Bonds — Issuance generally

 The issuance of bonds shall be by an ordinance of the governing body of the municipality.
AR Code § 14-203-106 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 203 - Municipal Electric System Financing|§ 14-203-106. Bonds — Terms and conditions

 (a) As the ordinance may provide, the bonds may:  (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, and be issued in one (1) or more series;  (3) Bear such date or dates;  (4) Mature at such time or times;  (5) Bear interest at such rate or rates;  (6) Be in such form;  (7) Be executed in such manner;  (8) Be payable in such medium of payment, at such place or places;  (9) Be subject to such terms of redemption in advance of maturity at whatever prices; and  (10) Contain such terms, covenants, and conditions; including without limitation, those pertaining to:  (A) The custody and application of the proceeds of the bonds;  (B) The collection and disposition of revenues;  (C) The maintenance of various funds and reserves;  (D) The investing and reinvesting of any moneys during periods not needed for authorized purposes;  (E) The nature and extent of the security;  (F) The rights, duties, and obligations of the municipality and the trustee for the holders or registered owners of the bonds; and  (G) the rights of the holders or registered owners of the bonds.      (b) The bonds shall have all the qualities of negotiable instruments under the laws of this state, subject to the provisions for registration set forth herein.