Annually, the council of any city or incorporated town may call in the outstanding warrants of the city or incorporated town or the floating evidence of indebtedness of the city or town for the purpose of cancelling and reissuing them.
Structure Arkansas Code
Subtitle 3 - Municipal Government
Chapter 58 - Fiscal Affairs of Cities and Incorporated Towns
Subchapter 6 - Outstanding Municipal Warrants
§ 14-58-601. Duty to order presentment
§ 14-58-602. Annual call permitted
§ 14-58-603. Notice of time and place for redemption, etc