9-23-12. Interest payable on warrants not paid for want of funds.
Warrants shall draw interest after presentation for payment at the Office of the Treasurer and endorsement by that officer as "not paid for want of funds" at a rate of interest to be determined by the governing body of the municipality.
Source: SL 1927, ch 149; SDC 1939, §45.1418; SL 1950 (SS), ch 11, §1; SL 1982, ch 74.