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19-8-106. Depository boards.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-8-106. Depository boards.
(a)(1) The quorum court of each of the several counties shall by ordinance establish a county depository board. The county depository board is to be composed of the county judge, the county treasurer and county collector, or the sheriff when acting as ex officio tax collector, or those officials performing the duties of the above officials where an elective county office has been changed in accordance with Arkansas Constitution, Amendment 55.
(2) The board shall designate depositories and supervise the depositing of all county funds and all other public funds held by the county treasurer, except funds of a school district, and also shall designate depositories and supervise the depositing of all funds collected and held by the county collector.
(3) The board may also require county officials to settle with the county treasurer more frequently than required by Arkansas law.
(b)(1) Except as provided in subdivision (b)(2) of this section, the following persons shall constitute a three-member board to designate depositories and supervise the depositing of municipal funds:
(A) A mayor;
(B) A city clerk or recorder or clerk-treasurer or recorder-treasurer; and
(C) A city council member selected by the city council.
(2) Although the board shall not total more than three (3) members, the city council may replace one (1) of the three (3) board members listed in subdivision (b)(1) of this section with the city finance officer or other official.
(3) A majority of the board members shall be necessary to conduct business and to constitute a quorum.
(c) The commissioners of road, drainage, levee, and other improvement districts shall designate depositories and supervise the depositing of funds of their respective districts.
(d) The
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-8-106
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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Stable record: arkansas_code:legal_authorities:19-8-106
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a47d8c519a92665a3912939d00b9e35dd5175c04dac829837615196c09a96f3e
Source location: content.xml paragraph 13392
Stored source content
19-8-106. Depository boards.
(a)(1) The quorum court of each of the several counties shall by ordinance establish a county depository board. The county depository board is to be composed of the county judge, the county treasurer and county collector, or the sheriff when acting as ex officio tax collector, or those officials performing the duties of the above officials where an elective county office has been changed in accordance with Arkansas Constitution, Amendment 55.
(2) The board shall designate depositories and supervise the depositing of all county funds and all other public funds held by the county treasurer, except funds of a school district, and also shall designate depositories and supervise the depositing of all funds collected and held by the county collector.
(3) The board may also require county officials to settle with the county treasurer more frequently than required by Arkansas law.
(b)(1) Except as provided in subdivision (b)(2) of this section, the following persons shall constitute a three-member board to designate depositories and supervise the depositing of municipal funds:
(A) A mayor;
(B) A city clerk or recorder or clerk-treasurer or recorder-treasurer; and
(C) A city council member selected by the city council.
(2) Although the board shall not total more than three (3) members, the city council may replace one (1) of the three (3) board members listed in subdivision (b)(1) of this section with the city finance officer or other official.
(3) A majority of the board members shall be necessary to conduct business and to constitute a quorum.
(c) The commissioners of road, drainage, levee, and other improvement districts shall designate depositories and supervise the depositing of funds of their respective districts.
(d) The board of directors of any school district shall constitute a board to designate depositories and supervise the depositing of school district funds. All school district funds, whether held by the treasurer of the school district or by the county treasurer, shall be deposited as designated by the board of directors.
(e) A receiver appointed under § 14-62-104 shall be a designated depository and supervise the depositing of funds collected under § 14-62-101 et seq.
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-62-101. Authority generally.
The charter of a municipal corporation may be revoked, its offices abolished, and the territory and inhabitants returned to the county in which the municipal corporation is located in the manner provided in this chapter, subject to the authority of the receiver appointed under § 14-62-104 and to the interests of creditors.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-62-101
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. The source passage cites 14-62-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-62-104. Receiver — Appointment — Oath — Duties — Authority.
(a) Within five (5) business days of receipt of the order revoking the charter of a municipal corporation under § 14-62-102, the Governor shall appoint a qualified officer, to be known as the receiver, for an extinct municipal corporation whose charter has been revoked under this chapter.
(b) A receiver shall:
(1) Take the oath required of other collectors of public revenue and give bond with good sureties to be approved by the circuit court of the Sixth Judicial District;
(2) Enter upon the duties of the office as soon as appointed and qualified;
(3) Take possession of:
(A) All books, papers, and documents pertaining to the assessment and collection of taxes of the extinct municipal corporation; and
(B) Any property belonging to the extinct municipal corporation; and
(4) Resolve the outstanding indebtedness of the extinct municipal corporation pursuant to this chapter.
(c)(1) The receiver may be removed at any time by the circuit court of the Sixth Judicial District for good cause, including failure to discharge one (1) or more duties imposed by this chapter.
(2) Removal may be upon:
(A) The circuit court's own motion; or
(B) The motion of:
(i) A person interested as an inhabitant of the extinct municipal corporation;
(ii) A creditor of the extinct municipal corporation;
(iii) The county judge of the county in which the extinct municipal corporation was located; or
(iv) The Attorney General on behalf of the state.
(3) A substitute receiver shall be appointed in the same manner as the initial receiver appointed under this chapter.
(4) The office of the receiver shall cease and terminate at the time a final order of dissolution is entered under § 14-62-114.
(d) The receiv
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-62-104
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. The source passage cites 14-62-104. This identifies an authority to review, not proof of applicability.