Ark. Code Ann. § 14-24-108

All county scrip, and every warrant issued in cancellation of any county scrip in any county of this state, according to the provisions of § 14-24-105, shall be redeemed and paid by the county treasurer in the order of their number and date. No scrip or warrants shall be thus discharged in preference to any of older dates, or until all of a prior date are paid, if the county treasurer upon whom the scrip and warrants are drawn shall not be able to meet all demands against him or her.