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14-317-125. Warrants.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-317-125. Warrants.
(a) The depository shall pay out no money save upon the order of the board and upon a warrant signed by at least two (2) of the commissioners.
(b) Every warrant shall state upon its face to whom it is issued and the amount and the purpose for which it is issued.
(c) All warrants shall be dated and shall be numbered consecutively, in a record to be kept by the board of the number and amount of each. No warrant shall be paid unless there are in the treasury funds enough to pay all outstanding warrants bearing a lower number.
(d) No warrants shall be increased by reason of any depreciation in the market value thereof, nor shall any contract or warrant be made payable or paid in anything but currency.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-317-125
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:14-317-125
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 51533a1a5612fe2445cc175621a2581578117019de3cb93af769b36a59520df1
Source location: content.xml paragraph 56829
Stored source content
14-317-125. Warrants.
(a) The depository shall pay out no money save upon the order of the board and upon a warrant signed by at least two (2) of the commissioners.
(b) Every warrant shall state upon its face to whom it is issued and the amount and the purpose for which it is issued.
(c) All warrants shall be dated and shall be numbered consecutively, in a record to be kept by the board of the number and amount of each. No warrant shall be paid unless there are in the treasury funds enough to pay all outstanding warrants bearing a lower number.
(d) No warrants shall be increased by reason of any depreciation in the market value thereof, nor shall any contract or warrant be made payable or paid in anything but currency.
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