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14-269-205. Commissioners — Park fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-269-205. Commissioners — Park fund.
(a) The commissioners appointed pursuant to this subchapter shall have the authority to utilize all revenues derived from the operation of the recreational park in the operation of the recreational park.
(b)(1) All funds derived from the use of the recreational park shall be segregated into a park fund, which fund shall be used exclusively in the operation of the recreational park by the commissioners.
(2) Moneys in the fund shall not be mingled with other funds of the city and shall be handled exclusively by the commissioners.
(c)(1) The commissioners shall each furnish to the city a five thousand dollar ($5,000) surety bond that will serve to insure the city against any misappropriation or mishandling of funds.
(2) The surety on the bonds shall be a reputable surety corporation.
(3) The premium on the bonds shall be paid from moneys in the park fund.
(d)(1) The commissioners shall receive no salary for their services but shall be reimbursed from the park fund for actual expenses incurred in the performance of their duties.
(2) The park fund may also be expended by the commissioners, as they deem best, for the purpose of obtaining attractions to meet on the park.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-269-205
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-269-205
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: bd7d1a374e34f3ae749a4c850b560519573ce15f3db0c9df3fa298ce5a8e54bd
Source location: content.xml paragraph 52080
Stored source content
14-269-205. Commissioners — Park fund.
(a) The commissioners appointed pursuant to this subchapter shall have the authority to utilize all revenues derived from the operation of the recreational park in the operation of the recreational park.
(b)(1) All funds derived from the use of the recreational park shall be segregated into a park fund, which fund shall be used exclusively in the operation of the recreational park by the commissioners.
(2) Moneys in the fund shall not be mingled with other funds of the city and shall be handled exclusively by the commissioners.
(c)(1) The commissioners shall each furnish to the city a five thousand dollar ($5,000) surety bond that will serve to insure the city against any misappropriation or mishandling of funds.
(2) The surety on the bonds shall be a reputable surety corporation.
(3) The premium on the bonds shall be paid from moneys in the park fund.
(d)(1) The commissioners shall receive no salary for their services but shall be reimbursed from the park fund for actual expenses incurred in the performance of their duties.
(2) The park fund may also be expended by the commissioners, as they deem best, for the purpose of obtaining attractions to meet on the park.
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