249.250. Unpaid warrants to draw interest. - Missouri Statutes

Unpaid warrants to draw interest.

249.250. Whenever any warrant issued under sections 249.010to 249.420 is not paid when presented to the president of theboard of trustees of the district, because of lack of funds inthe treasury, such fact shall be endorsed on the back of suchwarrant and such warrant shall draw interest thereafter at therate of six percent per annum until such time as there is moneyon hand or in the treasury to pay the amount of such warrant andthe interest then accumulated, but no interest shall be allowedor paid on any warrant after the time when sufficient funds arein the treasury or on hand to pay such endorsed warrants withinterest.

(RSMo 1939 § 12678)