Alabama § 11-43-121 Payment of Interest Upon Warrants Not Paid for Lack of Funds; Additional Duties

Alabama Statutes

§ 11-43-121 — Payment of Interest Upon Warrants Not Paid for Lack of Funds; Additional Duties

Alabama·Title 11 Counties and Municipal Corporations·Ch. 43 Mayor and Council, Other Officers, Employees, Departments, Etc·Art. 6 Treasurer

If no interest is stipulated to be paid on warrants drawn upon the treasurer and not paid for want of funds, then the legal rate shall be allowed from the time of presentation, which time shall be endorsed by the treasurer on the warrant with his signature, but no interest shall be paid on such warrants after notice has been posted in the office of the treasurer or in the office of the mayor that such warrants will be paid on demand. The treasurer shall perform such other duties as may be required of him by the council or by law.

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If no interest is stipulated to be paid on warrants drawn upon the treasurer and not paid for want of funds, then the legal rate shall be allowed from the time of presentation, which time shall be endorsed by the treasurer on the warrant with his signature, but no interest shall be paid on such warrants after notice has been posted in the office of the treasurer or in the office of the mayor that such warrants will be paid on demand. The treasurer shall perform such other duties as may be required of him by the council or by law.

Alabama § 11-43-121 (Payment of Interest Upon Warrants Not Paid for Lack of Funds; Additional Duties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.