Whenever the council of any city or incorporated town in this state may deem it expedient to call in the outstanding warrants of the city or incorporated town in order to redeem, cancel, reissue, or classify them, or for any other lawful purpose whatsoever, it shall be the duty of the council of the city or town to make an order for that purpose fixing the time for the presentation of the warrants, which shall be at least three (3) months from the date of the order.
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