There is a newer version of the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 7, Chapters 261- 304
ORS Chapter 287a
287A.472 Interest on municipal warrants not paid on presentation.
OR Rev Stat § 287A.472 (through Leg Sess 2011) What's This?
All warrants for payment of money issued by cities and other municipalities that are not paid upon presentation and so indorsed shall draw interest at the legal rate after such indorsements but municipalities may by proper resolution fix the rate at less than the legal rate and may make such interest payable semiannually. [Formerly 287.452]
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