§ 14-164-315 - Bonds generally -- Sale. - Arkansas Statutes

14-164-315. Bonds generally -- Sale.

(a) Except as provided in subsection (b) of this section, the bonds may be sold at public or private sale for such price, including, without limitation, sale at a discount, and in such manner as the legislative body of the issuer may determine.

(b) (1) Bonds which are industrial development bonds shall be sold only at public sale after notice of the sale shall have been given not less than twenty (20) days prior to the sale by one (1) publication in a newspaper having bona fide circulation in the municipality or county issuing such bonds.

(2) Nothing contained in this subsection shall require the public sale of industrial development bonds which are to be exchanged for bonds of like amount, rate of interest, and length of issue.