When any warrants of a drainage district are presented to the treasurer and there are no funds in his hands to pay the same, he shall stamp the same in the same manner as ordinary county warrants are stamped, and they shall draw interest at the rate of six percent per annum from the date of their presentation until paid.
Source: L. 11: p. 321, § 49. C.L. § 2157. CSA: C. 57, § 51. CRS 53: § 47-3-5. C.R.S. 1963: § 47-3-5.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 22 - Treasurer - Duties
§ 37-22-101. Treasurer of Drainage District
§ 37-22-102. Duties of Treasurer
§ 37-22-103. Remittances to District Treasurer
§ 37-22-104. Payment Only on Warrants
§ 37-22-105. Warrants - No Funds - Interest
§ 37-22-106. Claims Verified - Order of Payment