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The New York trust company would soon fail having stolen over $200,000 from the state of Arkansas through this deal. [2] Holford then sought to make back the money by suing the state of Arkansas for $250,000, filing in both Arkansas and New York. Then the Real Estate bank failed and the ownership of the bonds was transferred to the state.
On October 1, 2005, Bank of the Ozarks was the Bond Trustee in issuing $3,770,000 worth of bonds to Improvement District No. 53 with a construction fund of $3,110,000 to purchase 200 acres to be dedicated as a public park and for facilities including hiking trails, horseback riding stables and trails, swimming pools, tennis courts, and other ...
The Arkansas Department of Transportation (ArDOT), formerly the Arkansas Highway and Transportation Department, is a government department in the U.S. state of Arkansas.Its mission is to provide a safe, efficient, aesthetically pleasing and environmentally sound intermodal transportation system for the user. [2]
A limited-tax general obligation pledge requires a local government to levy a property tax sufficient to meet its debt service obligations but only up to a statutory limit. Generally, local governments already levy a property tax and can choose to use a portion of the property tax it already levies, use some other revenue stream, or increase ...
Construction of the Pentagon, 1942.. The Miller Act (ch. 642, Sec. 1-3, 49 stat. 793,794, codified as amended in Title 40 of the United States Code) [1] requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.
Four years, renewable once (Seventy-third Amendment to the Arkansas Constitution of 1874) Constituting instrument: Arkansas Constitution of 1836: Precursor: Secretary of Arkansas Territory: Formation: September 16, 1836 (188 years ago) () First holder: Robert A. Watkins: Salary: $54,305 [1] Website: sos.arkansas.gov
A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company DAC. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds.
Construction had been so long delayed that the federal land grant was set to expire, but Arkansas Congressman Logan H. Roots convinced Speaker James G. Blaine to help him to pass a bill extending the deadline to April 28, 1870. [4] The railroad was then re-incorporated and granted $1.5 million in state bonds to aid the construction efforts. [4]