Oregon Statutes - Chapter 287A - Local Government Borrowing - Section 287A.472 - Interest on municipal warrants not paid on presentation.

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]

Section:  Previous  287A.340  287A.350  287A.360  287A.365  287A.370  287A.375  287A.380  287A.472  287A.474  287A.482  287A.484  287A.486  287A.488  287A.630  287A.632  Next

Last modified: August 7, 2008