registered warrant造句

• Regular warrants are redeemable by the government treasurer after they are issued . " Registered warrants " bear interest and need not be redeemed by the treasurer until the warrant maturity date.
• The U . S . Securities and Exchange Commission said on July 9, 2009 that California's registered warrants are " securities " under federal securities law and will be regulated as municipal securities by the Municipal Securities Rulemaking Board.
• Although registered warrants are evidence of a municipality's obligation to pay, because they demonstrate an intent to disburse funds when those funds become available, the US Supreme Court has ruled that a holder of a valid warrant cannot obtain a writ of mandamus for specific performance of the obligation to pay, enforced against a treasurer or other employee of the municipality.