§ 14-360-310. Borrowing of funds and revenue bonds — Mortgage lien
(a) Anything herein to the contrary notwithstanding, the ordinance authorizing issuance of the bonds may impose a foreclosable mortgage lien upon the buildings, structures, or other improvements constructed under the authority of this subchapter and upon the lands upon which such improvements are located. (b) The nature and extent of the mortgage lien may be […]
§ 14-360-311. Borrowing of funds and revenue bonds — Refunding bonds
(a) The city may issue bonds under this subchapter for the purpose of refunding, at a rate or rates of interest not exceeding the maximum rate otherwise authorized in this section, any obligations of the city theretofore issued under this subchapter or under other authority or may authorize and deliver a single issue of bonds […]
§ 14-360-312. Borrowing of funds and revenue bonds — Exemption from certain taxes
(a) Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes. (b) This exemption shall include income taxation and inheritance taxation.
§ 14-360-313. Use of operational revenue
Subject to such restrictions as may be contained in the ordinance authorizing the issuance of the bonds issued under this subchapter or other contract with the bondholders, as well as restrictions contained on contracts with the bondholders of other prior issues, all revenues derived from the operation and the lease of buildings, structures, or other […]
§ 14-360-307. Borrowing of funds and revenue bonds — Payment and indebtedness
(a) The bonds and interest thereon shall be payable solely from and secured by a pledge of the gross revenues derived from the operation or the lease of the buildings, structures, or other improvements, or other revenues obtained from the operation of the airport. (b) The pledge shall be subject to the restriction that the […]
§ 14-360-308. Borrowing of funds and revenue bonds — Statements on bonds
It shall be plainly stated upon the face of each bond that it has been issued under the provisions of this subchapter and that it does not constitute an indebtedness of the municipality within any constitutional or statutory limitation.
§ 14-360-309. Borrowing of funds and revenue bonds — Performance required
(a) Subject to such restrictions as may be contained in the ordinance authorizing the issuance of the bonds issued under this subchapter or other contract with the bondholders as well as such restrictions contained in contracts with the bondholders of other prior issues, any holder of bonds issued under the provisions of this subchapter or […]
§ 14-360-101. Municipal airports authorized
Cities of the first and second class and incorporated towns in the State of Arkansas may acquire and own airports or flying fields, which may be located either within or without the corporate limits of the cities or towns.
§ 14-360-102. Acquisition of property
(a) The real property for municipal airports or flying fields may be acquired by gift, purchase, or by the exercise of the right of eminent domain, which is granted to cities for this purpose. (b) The procedure for the exercise of the right of eminent domain shall be that prescribed by law for the exercise […]
§ 14-360-103. Improvements, operation, and maintenance
(a) Cities are authorized to make, build, and construct all necessary improvements on their airports or flying fields. (b) Cities are further authorized to operate and maintain their airports or flying fields.