reglab/housing_qa huggingface dataset:
AR Code § 14-185-117 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-117. Bonds — Authority to issue

 This chapter shall be the sole authority required for the issuance of bonds under it and for the exercise of the powers of authorities established under this chapter. It shall not be necessary for the municipalities and counties represented on the boards of directors of authorities to take any action authorizing or approving the issuance of bonds or the exercise of any other powers by the authorities.
AR Code § 14-185-118 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-118. Bonds — Covenants and agreements — Enforcement

 All covenants and agreements entered into and made by an authority shall be binding in all respects on the authority and the members of it and their successors from time to time in accordance with the terms of such covenants and agreements. All of those provisions shall be enforceable by mandamus or other appropriate proceedings at law or in equity.
AR Code § 14-185-119 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-119. Bonds — Purposes

 Bonds may be issued from time to time for the acquisition, construction, and equipment of facilities and the reconstructing, extending, improving, equipping, or reequipping of facilities.
AR Code § 14-185-120 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-120. Bonds — Principal amount

 Each bond issue shall be in the principal amount sufficient, together with other available funds, for the acquisition, construction, and equipment of facilities or the reconstruction, extension, improvement, equipment, or reequipment of facilities, all costs of issuing bonds, the amount necessary for a reserve, if deemed desirable by the authority issuing the bonds, the amount necessary to provide for debt service on the bonds until revenues for the payment of them are available, and any cost of whatever nature necessarily incidental to them.
AR Code § 14-185-121 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-121. Bonds — Resolution or trust indenture generally

 The authority issuing the bonds, by the resolution or indenture, among other things, may control the subsequent issuance of additional bonds and the priority, between and among issues, of the pledge of revenues and of the mortgage lien, provide for the use of surplus pledged revenues, and provide for the creation of special trust funds to be maintained in such banks as the authority issuing the bonds may select. The moneys in these special trust funds shall be secured and disbursed as determined by the authority. The special trust funds may, without limitation, include a bond fund, a depreciation fund, an operation and maintenance fund, and such reserve funds as the authority issuing the bonds may determine to be in the best interests of the authority in accomplishing the purposes of this chapter.
AR Code § 14-185-122 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-122. Bonds — Authorizing resolution

 (a) Each issue of bonds shall be authorized by resolution of the authority issuing the bonds.  (b) Priority, between and among successive issues, of the pledge of revenues and mortgage lien may be controlled by the resolutions authorizing the issuance of bonds under this chapter.
AR Code § 14-185-123 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-123. Bonds — Terms and conditions

 (a) As the authorizing resolution may provide, the bonds may:  (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:  (A) The custody and application of the proceeds of the bonds;  (B) The collection and disposition of revenues;  (C) The maintenance and investment of various funds and reserves;  (D) The nature and extent of the security;  (E) The rights, duties, and obligations of the authority issuing the bonds and of the trustee for the holders or registered owners of the bonds; and  (F) The rights of the holders or registered owners of the bonds.      (b) Bonds issued under this chapter shall have all of the qualities of negotiable instruments under the negotiable instruments laws of the State of Arkansas, subject to the provisions of this section pertaining to registration.
AR Code § 14-185-124 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-124. Bonds — Trust indenture

 (a) Each resolution of an authority authorizing the issuance of bonds may provide for the execution of an indenture defining the rights of the holders and registered owners of the bonds and providing for the appointment of a trustee for the holders and registered owners of the bonds.  (b) The indenture may control the priority, between and among successive issues, of the pledge of revenues and mortgage lien and may control any other terms, covenants, and conditions that are deemed desirable, including without limitation, those pertaining to:  (1) The custody and application of the proceeds of the bonds;  (2) The collection and disposition of revenues;  (3) The maintenance of various funds and reserves;  (4) The nature and extent of the security;  (5) The rights, duties, and obligations of the authority and the trustee for the holders and registered owners of the bonds; and  (6) The rights of the holders and registered owners of the bonds.
AR Code § 14-185-125 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-125. Bonds — Contents

 It shall be plainly stated on the face of each bond issued under this chapter that it has been issued under the provisions of this chapter.
AR Code § 14-185-126 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-126. Bonds — Sale

 Bonds issued under this chapter may be sold for such price including, without limitation, sale at a discount and in such manner as the authority issuing the bonds may determine by resolution.
AR Code § 14-185-127 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-127. Bonds, coupons — Execution

 (a)  (1) Bonds issued under this chapter may be executed by the facsimile signature of the chairman of the authority issuing the bonds and by the manual signature of the secretary of the authority issuing the bonds and sealed with the seal of the authority issuing the bonds.  (2) The coupons attached to the bonds may be executed by the facsimile signature of the chairman of the authority issuing the bonds.    (b) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before the delivery of the bonds or coupons, their signatures shall, nevertheless, be valid and sufficient for all purposes.
AR Code § 14-185-128 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-128. Bonds — Conversion

 Bonds issued under this chapter may be sold with the privilege of conversion to an issue bearing a lower rate or rates of interest upon such terms that the authority issuing the bonds receive no less and pay no more than it would receive and pay if the bonds were not converted. The conversion shall be subject to the approval of the authority issuing the bonds.
AR Code § 14-185-129 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-129. Bonds — Issues

 There may be separate issues involving different facilities and there may be successive issues involving the same facilities.
AR Code § 14-185-130 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-130. Bonds — General or special obligations

 Bonds issued under this chapter shall be general or special obligations only of the port authority issuing the bonds. In no event shall they constitute an indebtedness for which the faith and credit of the State of Arkansas or the faith and credit of any municipality or county, or other political subdivision of the State of Arkansas or any of their revenues are pledged.
AR Code § 14-185-131 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-131. Bonds — Liability

 No member of any port authority shall be personally liable on the bonds or for any damages sustained by anyone in connection with the contracts with the holders and registered owners of the bonds or the construction, reconstruction, extension, improvement, or equipping of buildings or facilities unless the member shall have acted with a corrupt intent.
AR Code § 14-185-132 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-132. Bonds — Pledge of revenues

 (a) The principal of, premium, if any, or interest on, and trustee's and paying agent's fees in connection with each issue of bonds issued by the port authority under this chapter shall be secured by a pledge of, and shall be payable from, the revenues derived from the lands, buildings, or facilities acquired, constructed, reconstructed, extended, improved, or equipped, in whole or in part, with the proceeds of the bonds of the particular issue.  (b) In addition, the port authority issuing the bonds is authorized to pledge to, and use for the payment of the principal of, premium, if any, or interest on, and trustee's and paying agent's fees in connection with a particular issue of bonds, revenues derived from other lands, buildings, or facilities owned or held by the port authority, and an investment contract or contracts entered into by the port authority for the purpose of paying and securing the bonds, and any revenues to be derived from the contract or contracts.
AR Code § 14-185-133 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-133. Refunding bonds

 (a)  (1) Bonds may be issued under this chapter for the purpose of refunding any bonds theretofore issued under this chapter.  (2)  (A) Refunding bonds may be issued alone or combined with bonds issued under this chapter into a single issue for the purpose of refunding outstanding bonds, acquiring lands, and constructing and equipping buildings or facilities or reconstructing, extending, improving, or reequipping existing buildings or facilities.  (B)  (i) When refunding bonds are issued, the bonds may be either sold or delivered in exchange for the outstanding bonds being refunded.  (ii) If sold, the proceeds may either be applied to the payment of the bonds being refunded, or the proceeds may be deposited in escrow for the retirement of them.        (b)  (1) All refunding bonds shall, in all respects, be authorized, issued, and secured in the manner provided for other bonds issued under this chapter and shall have all the attributes of such bonds.  (2) The resolution or indenture authorizing or securing refunding bonds may provide that the bonds shall have the same priority of lien on the revenues pledged for their payment and on the property mortgaged as security for their payment as was enjoyed by the bonds refunded by them.
AR Code § 14-185-134 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-134. Bonds — Tax exemption

 (a) Bonds issued under the provisions of this chapter shall be exempt from all state, county, and municipal taxes.  (b) This exemption shall include income, inheritance, and estate taxes.
AR Code § 14-185-135 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-135. Bonds as legal investment

 Bonds issued under this chapter shall be eligible to secure deposits of all public funds and shall be legal for the investment of bank, insurance company, and retirement funds.
AR Code § 14-185-136 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-136. Bonds — Mortgage lien

 (a) The resolution or indenture referred to in §§ 14-185-122 and 14-185-124 may, but need not, impose a foreclosable mortgage lien upon the facilities acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds of bonds issued under this chapter.  (b) The nature and extent of the mortgage lien may be controlled by the resolution or indenture including, without limitation, provisions pertaining to:  (1) The release of all or part of the land, building, or facilities from the mortgage lien; and  (2) The priority of the mortgage lien in the event of successive bond issues as authorized by this chapter.    (c) The resolution or indenture authorizing or securing the bonds may authorize any holder or registered owner of bonds issued under the provisions of this chapter or a trustee on behalf of all holders and registered owners, either at law or in equity, to enforce the mortgage lien and, by proper suit, to compel the performance of the duties of the officials of the authority set forth in this chapter and set forth in the resolution or indenture authorizing or securing the bonds.
AR Code § 14-185-137 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 185 - Metropolitan Port Authorities|§ 14-185-137. Bonds — Default — Receiver

 (a) In the event of a default in the payment of the principal of or interest on any bonds issued under this chapter, any court having jurisdiction may appoint a receiver to take charge of the land, buildings, or facilities upon which there is a mortgage lien securing the bonds.  (b) The receiver shall have the power to operate and maintain the land, buildings, or facilities and to charge and collect rates or rents with reference to them. These rents shall be sufficient to provide for the payment of the principal of and interest on bonds, after providing for the payment of any costs of receivership and operating expenses of the land, buildings, or facilities and to apply the income and revenues derived from them in conformity with this chapter and the resolution or indenture authorizing or securing the bonds.  (c) When the default has been cured, the receivership shall be ended and the properties returned to the authority issuing the bonds.  (d) 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 resolution or indenture authorizing or securing the bonds and shall be so granted and administered as to accord full recognition to priority rights of bondholders as to the pledge of revenues from, the mortgage lien on, the land, buildings, or facilities as specified in and fixed by the resolution or indenture authorizing or securing successive bond issues.
AR Code § 14-187-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 187 - Municipal Wharf Improvement Districts|§ 14-187-101. Duty to operate, etc., improvements

 (a) Boards of improvement in municipal improvement districts organized in this state for the purpose of constructing wharves for the transfer and interchange of river and rail freights are charged with the duty to operate, manage, and control the improvements.  (b)  (1) The boards shall also have the power to lease the improvements, in whole or in part, or otherwise contract for the operation of the improvement, upon such terms as may be deemed by them advisable and have power to lease from others such equipment as in the judgment of the board may be deemed advisable.  (2) The board shall collect moneys due the district for tolls, wharfage, storage, elevation, rentals, and all moneys other than moneys received from collection of the assessment of benefits and shall keep an accurate and separate account of them.    (c) The board shall have control of the disbursement of the moneys and may pay costs of operations, maintenance, repairs, replacements, renewals, improvements, depreciation, or bonded or other indebtedness in such manner as the board may deem to be in the best interests of the owners of real property in the district.
AR Code § 14-187-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 187 - Municipal Wharf Improvement Districts|§ 14-187-102. Construction of new improvements

 (a) In addition to the power vested by law in boards of improvement, boards described in § 14-187-101 shall have power to construct and to borrow money with which to construct new and additional improvements necessary, convenient, or required for transfer or interchange of any and all commodities.  (b) The board may issue the notes, bonds, or other evidences of indebtedness of the district to evidence this indebtedness. These obligations shall be negotiable although payable only from a certain fund, and may pledge net revenues arising from the operation of the new and additional improvements, assign any leases or contracts of or concerning the new and additional improvements, and mortgage the new and additional improvements to secure the repayment of the borrowed money and interest on it.
AR Code § 14-187-103 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 187 - Municipal Wharf Improvement Districts|§ 14-187-103. Power over property

 Boards of improvement of the class described in § 14-187-101 shall have power to:   (1) Acquire, by lease or purchase, real estate needed or convenient in the public service rendered by the improvement district;  (2) Grant rights-of-way over any and all properties owned by the district; and  (3) Grant landing rights to persons engaged in water transportation.
AR Code § 14-187-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 187 - Municipal Wharf Improvement Districts|§ 14-187-104. No assessment or tax

 No indebtedness, obligation, or liability, or the interest thereon, created or incurred under the provisions of this chapter shall at any time be secured or paid by or from any special assessment upon or taxation against the real property of any improvement district.
AR Code § 14-187-105 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 187 - Municipal Wharf Improvement Districts|§ 14-187-105. Contracts ratified

 All contracts made by any board of improvement of the class described in § 14-187-101, not in conflict with the terms of this chapter, are confirmed, approved, and ratified.
AR Code § 14-187-106 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 187 - Municipal Wharf Improvement Districts|§ 14-187-106. Procedure for sale of improvements

 (a) The board of improvement of any municipal wharf improvement district of this state owning wharves, river and rail terminals, warehouses, and tracks for the transfer and interchange of river and rail freights, including the lands, equipments, and all appliances incident to its operation, together with the right and franchise to operate them, may sell the properties and terminal facilities when the board shall determine, by resolution adopted by a majority vote of the board, that it would be to the best interest of the district that the sale be consummated.  (b) Before any such sale shall be consummated, there shall be filed, within one (1) year after the adoption of the resolution, with the city council of the city within which the district is situated, a petition signed by a majority in value, as shown by the last county assessment, of the owners of real property within the district, proposing to make the sale, asking that the sale be made, and stating the minimum price at which the sale shall be made. This shall in no event be a sum less than the amount necessary to pay all of the outstanding indebtedness against the district.  (c) Upon the filing of the petition or petitions, the council shall give notice by publication one (1) time a week for two (2) weeks in some newspaper published in the county in which the district is situated. This publication shall advise the owners of real property within the district that on a day therein named the council of the city will hear the petition and determine whether those signing it constitute a majority in value of the owners of real property.  (d) At the meeting named in the notice, the owners of real property within the district shall be heard before the council, which shall determine whether the signers of the petition constitute a majority in value, and the finding of the council shall be conclusive.  (e) It shall be the duty of the council to ratify and confirm the proposed sale unless within thirty (30) days thereafter suit is brought to review its action in the chancery court of the county in which the district is situated.  (f) In determining whether those signing the petition constitute a majority in value of the owners of real property within the district, the council and the court shall be guided by the records of deeds in the office of the recorder of the county and shall not consider any unrecorded instrument.