§ 15-4-415. Authority to use bond proceeds

AR Code § 15-4-415 (2018) (N/A)
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(1) The purchase of investment loans and paying of incidental expenses in connection therewith;

(2) Paying the expenses of amortizing and issuing the bonds;

(3) Paying interest on the bonds until revenues thereon are available in sufficient amounts; and

(4) Funding such debt service reserves as the council deems necessary or desirable.