Ordinance 820 - Rate of Interest on Warrants342
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ORDINANCE, NO. 820.
AN ORDINANCE TO ESTABLISH THE RATE OF INTEREST ON WARRANTS OF THE
CITY NOT PAID FOR WANT OF FUNDS.'
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA:
SECTION 1. All warrants lawfully drawn upon the treasurer of the City
of Kalispell and not paid upon presentment for want of funds and
properly endorsed by the City Treasurer with the date of such presents
tion shall bear simple interest at the rate of 6 '".% per annum from
the date of such presentation until such warrant is called for payment
according to law.
SECTION 2. This Ordinance shall be in full force'and'effect on
the 4th day of March 1974:
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL,'MONTANA, AND
APPROVED BY THE MAYOR THIS --4th day of ' February , 1974.
1, George Beardslee, City Clerk of I
on the 4th day of February
ordinanco in my office, and the sam
the foregoing is a true and correct
City Council.
of 'spell tans, do certify that
14 e s copy of the foregoing
osted f 4 copod of five days, and
he ordi c "as passed by the
rk o the ity of Kalispell, Montana