§ 6-64-621. Evening law school division
The Board of Trustees of the University of Arkansas is directed and authorized to establish and operate at Little Rock, Arkansas, an evening division of its school of law as an expansion of its program of legal instruction, research, and extension.
§ 6-64-607. Financing authority
The Board of Trustees of the University of Arkansas is authorized and empowered to issue revenue bonds from time to time in sufficient principal amounts and to use the proceeds of the bonds, together with any other available funds, for defraying the costs of accomplishing the purposes set forth in § 6-64-606(a)(1), paying all incidental […]
§ 6-64-608. Bonds — Authorizing resolution — Trust indenture
(a) The bonds shall be authorized by authorizing resolution of the Board of Trustees of the University of Arkansas. (b) The authorizing resolution may contain or may provide for the execution with a bank or trust company within or without the State of Arkansas of a trust indenture which may contain any other terms, covenants, […]
§ 6-64-609. Bonds — Terms and conditions
(a) The bonds may be coupon bonds, payable to bearer, or may be registrable as to principal only or as to principal and interest, and may be made exchangeable for bonds of another denomination, may be in such form and denomination, may have such date or dates, may be stated to mature at such times, […]
§ 6-64-610. Bonds — Execution and seal
(a) (1) The bonds shall be executed by the manual or facsimile signature of the chair of the Board of Trustees of the University of Arkansas and by the manual signature of the secretary of the board. (2) The coupons attached to the bonds shall be executed by the facsimile signature of the chair of […]
§ 6-64-611. Bonds — Liability
(a) It shall be plainly stated on the face of each bond that: (1) It has been issued under the provisions of this subchapter; (2) The bonds shall be obligations only of the Board of Trustees of the University of Arkansas; (3) In no event shall they constitute an indebtedness for which the faith and […]
§ 6-64-612. Bonds — Pledge of costs levied by subchapter
(a) The bonds, principal and interest, shall be special obligations of the Board of Trustees of the University of Arkansas secured by and payable from a pledge of all or a portion of the collections of the costs levied by this subchapter. (b) The pledge of bonds shall constitute a prior pledge of, and claim […]
§ 6-64-613. Bonds — Contract with holders and owner
(a) Any authorizing resolution and trust indenture, together with this subchapter, shall constitute a contract between the Board of Trustees of the University of Arkansas and the holders and registered owners of the bonds. (b) The contract and all covenants, agreements, and obligations therein shall be promptly performed in strict compliance with the terms and […]
§ 6-64-614. Bonds — Tax exemption
The principal and interest of bonds issued under this subchapter shall be exempt from all state, county, and municipal taxes, and the exemption shall include income, inheritance, and estate taxes.
§ 6-64-615. Bonds — Investment of funds of retirement or pension systems
The board of trustees of any retirement or pension system created by the General Assembly of the State of Arkansas, in its discretion, may invest its funds in bonds issued under this subchapter.