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.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 43 - Mayor and Council, Other Officers, Employees, Departments, Etc.
Section 11-43-120 - Bond; Duties Generally; Payment of Warrants; Reports and Statements to Council.
Section 11-43-121 - Payment of Interest Upon Warrants Not Paid for Lack of Funds; Additional Duties.
Section 11-43-122 - Public Depositories; Liability for Loss.
Section 11-43-123 - Moneys Due Municipalities, etc., to Be Paid to Treasurer.