Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 7 - Water And Soil Improvement Districts > Chapter 120 - Drainage And Levee Improvement Districts Generally > Subchapter 3 - Consolidation of District Duties, Obligations, and Purposes > § 14-120-332 - No compensation for negotiating sale of bonds.

§ 14-120-332 - No compensation for negotiating sale of bonds.

14-120-332. No compensation for negotiating sale of bonds.

No compensation shall be allowed the treasurer of the district, or any other officer or member of the board of directors, either directly or indirectly, for negotiating the sale of the bonds or paying out the proceeds arising from their sale.