Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 4 - Public Finance Generally > Chapter 72 - Bonds Of Counties, Cities, And Towns > Subchapter 5 - Refunding Municipal Bonds Issued under Arkansas Constitution, Amendment 13 > § 14-72-502 - Authority to refund -- Issuance.

§ 14-72-502 - Authority to refund -- Issuance.

14-72-502. Authority to refund -- Issuance.

Any city of the first or second class of this state shall have the power and is authorized to refund, in whole or in part, from time to time, its valid outstanding bonds issued under Arkansas Constitution, Amendment 13 [repealed]. To that end, the city may issue negotiable refunding bonds upon the terms and conditions hereinafter set out.