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Home » US Law » 2021 Oregon Revised Statutes » Volume : 07 - Public Facilities and Finance » Title 27 Public Borrowing » Chapter 287A - Local Government Borrowing » WARRANTS AND CHECKS; INTEREST; UNCLAIMED WARRANTS AND CHECKS; MASTER WARRANTS

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 287A.482 – Definitions for ORS 287A.482 to 287A.488.

As used in ORS 287A.482 to 287A.488: (1) “County fiscal officer” means: (a) The county accountant in counties where such office is established by law. (b) The county clerk in counties not having a county accountant. (2) “Master warrant” means a warrant or order issued and drawn pursuant to ORS 287A.486. [Formerly 287.482]

Section 287A.486 – Procedure.

(1) The county fiscal officer shall draw a master warrant in the amount of one or more claims referred to in ORS 287A.484, payable to any person who is willing to accept the master warrant, and such person shall, upon delivery of the master warrant duly indorsed “Not Paid for Want of Funds,” pay to […]