9-23-15. Call of registered warrants for annual payment of interest.
As soon as there is sufficient money in said special warrant interest fund to pay one year's interest on one or more outstanding warrants, the treasurer shall notify the holder of the oldest registered warrant or warrants to present the same for payment of interest. The treasurer shall continue to call outstanding warrants for payment of interest in the order of registration as fast as funds are available therefor except as herein provided.
No warrant shall be called for payment of interest until the same shall have been registered for at least one year.
Source: SL 1933, ch 160, §2; SDC 1939, §45.1419.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 23 - Municipal Warrants And Disbursements
Section 9-23-1 - Itemized invoice and verified voucher required for claim--Prepayment of claims.
Section 9-23-2 - Claim to be itemized--Memorandum in minutes of governing body.
Section 9-23-2.1 - Municipal board requisitions for warrants--Signatures.
Section 9-23-3 - Warrant required for disbursements from treasury--Bonds and coupons.
Section 9-23-4 - Warrants paid or registered on presentation.
Section 9-23-5 - Warrants paid in order of presentation.
Section 9-23-6 - Notation on back of paid warrant.
Section 9-23-7 - Endorsement of warrant for payment by depository.
Section 9-23-8 - Warrant register maintained by treasurer--Contents.
Section 9-23-9 - Registration of warrants presented but not paid.
Section 9-23-10 - Endorsement of warrants not paid for want of funds--Registration not required.
Section 9-23-11 - Registered warrants paid in order of registration.
Section 9-23-12 - Interest payable on warrants not paid for want of funds.
Section 9-23-13 - Resolution for annual payment of interest on register of warrants.
Section 9-23-15 - Call of registered warrants for annual payment of interest.
Section 9-23-17 - Endorsement and receipt for annual interest payment.
Section 9-23-19 - Call of registered warrants for payment--Termination of interest.
Section 9-23-20 - Cancellation of warrants on payment.
Section 9-23-21 - Cancellation of check or warrant not timely presented--Notation in register.
Section 9-23-22 - Payment of old check or warrant at direction of governing body.