Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 8 - Public Facilities Generally > Chapter 142 - Local Government Library Bonds > Subchapter 2 - Local Government Library Bond Act > § 14-142-216 - Bonds generally -- Pledge of taxes generally.

§ 14-142-216 - Bonds generally -- Pledge of taxes generally.

14-142-216. Bonds generally -- Pledge of taxes generally.

The bonds shall be secured by, and contain a pledge of, any tax or combination of taxes authorized to pay the bonded indebtedness and shall be payable solely from the taxes authorized by Arkansas Constitution, Amendment 30 or Amendment 38, as amended by Arkansas Constitution, Amendment 72, and this subchapter. However, the issuer is not prohibited from using other taxes, revenues, or receipts to retire the bonds.