§ 14-164-517 - Bonds -- Conversion. - Arkansas Statutes

14-164-517. Bonds -- Conversion.

The municipality or the county may make provision in the ordinance or order for the manner and circumstances in which and under which bonds issued under 14-164-508 may, in the future at the request of the holders or registered owners thereof, be converted into bonds of smaller denomination, which bonds of smaller denomination may in turn be either coupon bonds payable to bearer or bonds registrable as to principal only, or bonds registrable as to both principal and interest.