Chapter 3.08 WARRANTS

Chapter 3.08
WARRANTS¹

Sections:

3.08.020 Nonpayment for lack of funds – Endorsement.

3.08.010 Interest.

All warrants issued by the city which have been heretofore or may hereafter be presented to the finance director of the city for payment, and which have not been or shall not be paid for want of funds in the treasury, shall bear interest as established by current market conditions from the day of such presentation until paid or called in as hereinafter provided. (Ord. 2934 § 1, 1976; 1957 code § 1.38.010.)

3.08.020 Nonpayment for lack of funds – Endorsement.

It shall be the duty of the finance director to endorse on the back of all warrants presented to him for payment and not paid for want of funds, a statement of the date of such presentation and that the same was not paid for want of funds. (1957 code § 1.38.020.)

3.08.030 Payment.

All warrants issued by the city shall be paid in the numerical order of their issue; that is, first issued, first paid. The warrants must be called for payment when $500.00 has accumulated in any fund with warrants outstanding against it. The call must specify the fund against which the warrants were drawn. No call need be made if the amount accumulated is less than the amount due on the warrant longest outstanding and no more than two calls may be made in any one month. The finance director, at the direction of the city council, shall cause to be published in some weekly newspaper published in the city a notice that certain warrants, specifying the numbers, will be paid if presented to the finance director, and if such warrants are not presented to the finance director for payment on or before the expiration of 10 days from the date of publication and notice, such warrants will then cease to bear interest. From and after the expiration of 10 days from the publication of such notice, all unpaid warrants mentioned herein shall cease to bear interest. (Ord. 2934 § 4, 1976.)

For statutory provisions on city and town warrants, see RCW 35.21.320; for provisions making RCW 35.21.320 applicable to code cities, see RCW 35A.21.110.