Public-domain · open source
OpenJurist

Ala. Code § 11-43-121

Payment of Interest Upon Warrants Not Paid for Lack of Funds; Additional Duties.

(Code 1907, §1205; Code 1923, §1921; Code 1940, T. 37, §447; Acts 1953, No. 853, p. 1144.)

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.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.