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14-303-202. Organization.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-303-202. Organization.
(a) The authority shall elect from among its members a chairman and a secretary who shall serve for such terms as the authority shall determine.
(b) The secretary shall be the authority's disbursing agent and executive officer. The secretary shall furnish bond, with a corporate surety, in the penal sum of fifty thousand dollars ($50,000) on the condition that he will faithfully perform his powers, functions, and duties, and properly handle all funds received and disbursed by him and account therefor. The premium on the bond shall be a proper charge against funds of the authority.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-303-202
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:14-303-202
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 91444f88ad30da84720bd4c8a34b8ab89d8982be6b997928c8f495629331e4fa
Source location: content.xml paragraph 55780
Stored source content
14-303-202. Organization.
(a) The authority shall elect from among its members a chairman and a secretary who shall serve for such terms as the authority shall determine.
(b) The secretary shall be the authority's disbursing agent and executive officer. The secretary shall furnish bond, with a corporate surety, in the penal sum of fifty thousand dollars ($50,000) on the condition that he will faithfully perform his powers, functions, and duties, and properly handle all funds received and disbursed by him and account therefor. The premium on the bond shall be a proper charge against funds of the authority.
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