When a city or town warrant is received by the treasurer or collector and there is no money in the treasury to pay the same, he is directed to endorse on it the amount for which it was received and the date thereof, and from that date the warrant is to be regarded as canceled and cannot be reissued; but when the warrant amounts to more than is to be paid by the person presenting it, the treasurer or collector shall give him a certificate of the balance due him, which certificate, on presentation to the board authorized to audit claims for the city or town, entitles the holder to receive a new warrant for the amount specified therein.
Source: L. 75: Entire title R&RE, p. 1133, § 1, effective July 1.
Editor's note: This section is similar to former § 31-20-403 as it existed prior to 1975.
Structure Colorado Code
Title 31 - Government - Municipal
Article 20 - Taxation and Finance
§ 31-20-401. Warrants Signed - Countersigned - Fund
§ 31-20-403. Warrant Endorsed When No Funds - New Warrant
§ 31-20-404. Registry of Orders - Contents - Inspection
§ 31-20-405. Order Warrants Paid
§ 31-20-406. Redemption of Warrants
§ 31-20-407. Neglect in Keeping Register or Paying - Penalty
§ 31-20-407. Neglect in Keeping Register or Paying - Penalty