STATE OF ARKANSAS

SECURITIES DEPARTMENT

IN THE MATTER OF
DELEGATION OF DUTIES OF THE
SECURITIES COMMISSIONER TO
ANN MCDOUGAL, DEPUTY
COMMISSIONER ORDER NO. 99-036-S

FINDINGS OF FACT

  1. I, Mac Dodson, duly appointed and acting Securities Commissioner for the State of Arkansas, will be absent from the office for the period beginning July 23, 1999, through August 13, 1999.

CONCLUSIONS OF LAW

  1. Section 19(f) of the Arkansas Securities Act ("Act") authorizes the Commissioner to delegate to any employee of the Department under such conditions as he deems appropriate any responsibilities of the Commissioner as set forth in the Act, the Savings and Loan Act, the Credit Union Act, or any other act for which the Commissioner is responsible.

  2. Section 19(g) of the Act authorizes the Commissioner to delegate to any employee of the Department the exercise or discharge in the Commissioner’s name of any power, duty, or function, whether ministerial, discretionary, or of whatever character, vested by the Act in the Commissioner.

OPINION

    It is in the best interest of the Securities Department, the State of Arkansas, and the public to delegate my duties to Deputy Commissioner Ann McDougal during my absence so that the work flow of the Department will not be disrupted and all Departmental decisions can be made in a timely fashion.

ORDER

    IT IS THEREFORE ORDERED that, pursuant to Section 19(f) and 19(g) of the Act, during the period of my absence, Deputy Commissioner Ann McDougal shall carry out all powers, duties and functions vested by law in the Arkansas Securities Commissioner, including the acknowledgement of filings, the entry of orders, and the issuance of subpoenas.

    IT IS SO ORDERED.

    WITNESS MY HAND AND SEAL this 22nd day of July, 1999.

 

MAC DODSON
SECURITIES COMMISSIONER