Oregon § 265.160 Interest on unpaid warrants

Oregon Statutes

§ 265.160 — Interest on unpaid warrants

Oregon § 265.160

Vol.7

Title 24Public Organizations for Community Service

Ch. 265Cemetery Maintenance Districts

This text of Oregon § 265.160 (Interest on unpaid warrants) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 265.160 (2026).

Text

All warrants for payment of any indebtedness of the cemetery maintenance district which are unpaid for want of funds shall bear interest at a rate to be fixed by the board of directors, but in no event to exceed six percent per annum from the date of indorsement “not paid for want of funds.” The aggregate amount of warrants issued shall not exceed the revenue to be received for the year in which the indebtedness is incurred.

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All warrants for payment of any indebtedness of the cemetery maintenance district which are unpaid for want of funds shall bear interest at a rate to be fixed by the board of directors, but in no event to exceed six percent per annum from the date of indorsement “not paid for want of funds.” The aggregate amount of warrants issued shall not exceed the revenue to be received for the year in which the indebtedness is incurred.