§ 14-386-505. Disposition of surplus funds
When any fencing district in this state has completed all of the contemplated improvements and has paid and discharged all of its obligations and has a surplus of funds on hand, not needed for repair or maintenance or the operation of the district, then, in such event, the board of directors of the district may, […]
§ 14-386-501. Construction
This subchapter shall be liberally construed to the end that its purposes may be successfully accomplished.
§ 14-386-502. Validation of existing districts
The organization of all fencing districts created and established by order of any county court in the State of Arkansas, which have not been abandoned or dissolved by the judgment or order of any court of competent jurisdiction, are ratified and confirmed. All districts are declared to be legal entities in the nature of quasi-municipal […]
§ 14-386-503. Money from federal government or private sector
(a) All fencing districts are expressly authorized to accept grants of money from, and to borrow money from, the federal government, or from any federal agency, or from any private person, individual, or corporation, or from any other source, for the purpose of executing or carrying out the purposes for which the district was organized. […]
§ 14-386-504. Issuance of bonds, notes, etc
(a) (1) Any fencing district, or the fencing board of the district, for the purposes prescribed in § 14-386-503 is expressly authorized and empowered to issue its general obligation, negotiable bonds, notes, or certificates of indebtedness, in the corporate name of the district, or in the name of the board of any district, in form, […]