2017 Missouri Revised Statutes
Title XV LANDS, LEVEES, DRAINAGE, SEWERS AND PUBLIC WATER SUPPLY
Chapter 242 Drainage Districts Organized in Circuit Court
Section 242.630 Unpaid warrants to draw interest.
Effective 28 Aug 1985
Title XV LANDS, LEVEES, DRAINAGE, SEWERS AND PUBLIC WATER SUPPLY
Chapter 242242.630. Unpaid warrants to draw interest. — Any warrant issued under sections 242.010 to 242.690 that is not paid when presented to the treasurer of the board of supervisors of the district, because of lack of funds in the treasury, such fact shall be endorsed on the back of such warrant, and such warrant shall draw interest thereafter at a rate of not more than twelve percent per annum, until such time as there is any money on hand to pay the amount of the warrant and the interest then accumulated, but no interest shall be allowed on warrants after such time when sufficient funds are in the treasury to pay the endorsed warrants and interest.
(RSMo 1939 § 12356, A.L. 1985 H.B. 378)
Prior revisions: 1929 § 10775; 1919 § 4408; 1909 § 5532
