I think there are 3 levels, but I'm not sure - there may be 4. I haven't played the game in over 2 years. 
As for the warrant notices, I don't think there was any purpose to them - apart from letting you know you've got a pricetag on your head - so I think its safe to get rid of them.

As for the warrant notices, I don't think there was any purpose to them - apart from letting you know you've got a pricetag on your head - so I think its safe to get rid of them.
Just go for the bottom of the map (north) as much as possible. 
Avoid at all costs. No one is that desperate. Use them only if you have played the game once through and want some extra fun for the second time.

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