268.220 Treasurer acts for all boards in county -- Bond -- Audit of books --
392 words·~2 min read·
/ky/268-220A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Statement of accounts -- Issue and form of warrant -- Interest on unpaid
warrants.
(1)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.
(2)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.........
President of board of drainage commissioners of ............. County
Attest: ............. Secretary."
(3)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.