SMITH v. REFUNDING BOARD OF ARKANSAS. No. 4-4264 90 S.W.2d 494Supreme Court of Arkansas. Opinion delivered February 3, 1936. 1. STATES — POWERS OF REFUNDING BOARD. — The State Bond Refunding Board is a special tribunal clothed with such limited powers only as are expressly or by necessary implication granted by the act creating it. […]