§ 14-125-802. Notice — Issuance
(a) The clerk of the court shall upon receipt of the petition give due notice by publication for two (2) weeks in some newspaper published and having a general circulation within the county in which the project area is located calling upon all persons owning land within the area to appear before the court upon […]
§ 14-125-803. Terms and form of bonds, etc
(a) Bonds or other evidences of indebtedness issued under the terms of this chapter shall bear such date or dates, mature at such time or times not in excess of fifty (50) years, and be in such form and denomination as the board may determine. (b) The board may sell, exchange, or hypothecate these obligations […]
§ 14-125-804. Court order approving proceedings
(a) After issuing any bonds or other evidences of indebtedness and before their sale, exchange, or hypothecation, the board may petition the chancery court for an order approving the legality and regularity of all proceedings leading up to the issuance of the bonds or other evidences of indebtedness. This order shall have the force and […]
§ 14-125-805. Refunding bonds
Refunding bonds may be issued and may be sold, exchanged, or hypothecated under the procedure provided in §§ 14-125-801 — 14-125-804.
§ 14-125-806. Security for bonds — Delinquencies
(a) All bonds issued under the terms of this chapter that are made payable from the proceeds of assessments shall be secured by a lien on all benefited lands in the project area unless the board of directors shall be able to sell bonds payable out of revenue only. The board shall see to it […]
§ 14-125-901. Petition
(a) At any time after five (5) years after the organization of a district under the provisions of this chapter, any twenty-five (25) owners of land lying within the boundaries of the district may file a petition with the Arkansas Soil and Water Conservation Commission praying that the operations of the district be terminated and […]
§ 14-125-902. Notice and conduct of referendum
(a) Within sixty (60) days after a petition has been received by the commission, it shall: (1) Give due notice of the holding of a referendum; (2) Supervise the referendum; and (3) Issue appropriate regulations governing the conduct of the referendum. (b) The question shall be submitted by ballots upon which the words “FOR terminating […]
§ 14-125-903. Results of referendum — Practicability and feasibility of continued operation
(a) The commission shall publish the result of the referendum and shall thereafter consider and determine whether the continued operation of the district within the defined boundaries is administratively practicable and feasible. (b) If the commission shall determine that the continued operation of the district is administratively practicable and feasible, it shall record the determination […]
§ 14-125-904. Termination of district affairs — Certification of dissolution
(a) Upon receipt from the Arkansas Soil and Water Conservation Commission of a certification that the commission has determined that the continued operation of the district is not administratively practicable and feasible, pursuant to the provisions of this subchapter, the directors shall forthwith proceed to terminate the affairs of the district. (b) The directors shall […]
§ 14-125-905. Times for discontinuance
The Arkansas Soil and Water Conservation Commission shall not, until five (5) years have elapsed for the date of the district organization nor more often than once in three (3) years thereafter: (1) Entertain petitions for the discontinuance of any district; (2) Conduct referenda upon petitions; or (3) Make determinations pursuant to such petitions in […]