Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 4 - Development Of Business And Industry Generally > Subchapter 10 - Arkansas Capital Development Company Act > § 15-4-1018 - Bonds or notes of the company.

§ 15-4-1018 - Bonds or notes of the company.

15-4-1018. Bonds or notes of the company.

(a) From time to time as the conduct of its business requires, any capital development company may issue and sell bonds or notes at a price and on terms determined by the governing board.

(b) The bonds or notes of the capital development company shall be executed by the authorized officers of the company.