2014 Kentucky Revised Statutes CHAPTER 268 - DRAINAGE AND RECLAMATION ACT OF 1918 268.220 Treasurer acts for all boards in county -- Bond -- Audit of books -- Statement of accounts -- Issue and form of warrant -- Interest on unpaid warrants.
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268.220 Treasurer acts for all boards in county -- Bond -- Audit of books -Statement of accounts -- Issue and form of warrant -- Interest on unpaid
warrants.
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(2)
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The treasurer of the board in any county shall hold the office of treasurer of all
districts organized in that county, and shall receive and receipt for all the
drainage assessments collected by the sheriff. He shall give bond in the
amount fixed by the board. This bond shall remain in the custody of the
president of the board and be kept separate from all papers in the custody of
the secretary or treasurer. The treasurer shall keep all funds deposited in some
bank, to be designated by the board. All interest paid on the fund shall be
credited to the district. The board shall have the books of the treasurer audited
by a competent accountant appointed by it, as of December 31 in each year,
and shall file a copy of the auditor's report with the clerk of the court where the
district was organized, and publish a statement within thirty (30) days showing
the amount of money received, the amount paid out during that year and the
amount in the treasury at the beginning and end of the year.
The treasurer shall pay out funds of the district only on warrants issued by the
board. Warrants shall be issued only on the order of the board at a regular
meeting, of which a record shall be kept. Warrants shall be signed by the
president of the board and attested by the secretary. All warrants shall be in
substantially the following form:
"$........................... fund .................. No. of warrant ..............................
treasurer of district No. .................. of .................. County (or Counties),
Kentucky.
"Pay to ............. dollars out of the money in .................. fund of the district.
For .................. By order of board of drainage commissioners of ..................
County. This ............. day of .................., 19.........
(Seal)
President of board of drainage commissioners of ............. County
Attest: ............. Secretary."
If any warrant is not paid when presented to the treasurer because of lack of
funds in the treasury, that fact shall be endorsed on the back of the warrant,
and it shall draw interest thereafter at the rate of six percent (6%) per annum,
until there is money on hand to pay it with interest then accumulated. No
interest shall be allowed on any warrant after that time.
Effective:October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from
Ky. Stat. secs. 2380b-31, 2380b-38.
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