Ordinance 0033�K * W * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
ORDIA"CE ffo.33.
An -Ordinance to provide for the payment of Interest on Town
Warrants.
Be it ordained by the Council of the Town of Edmonds.
r SECTION 1: Whenever any Town Warrant shall be presented to the
Lail,'Torn Treasurer for payment, and the same cannot be paid for the
reason that there is no money in the hands of the Town Treasurer to
pay the same, said Treasurer shall write or print across the back
of said Warrant, the date it was presented and that it is not paid
for want of funds to pay the same, and sign his name to such en-
dorsement, -and whenever any Warrant is so endorsed the sum shall
from that date of such endorsement bear interest at the rate of
ten percent per annum until paid.
SECTIOii 2: The Town shall procure for the Treasurer a well
bound book in which he shall enter the number of the Warrant, the
date when drawn, the amount and the date when presented for payment .
SECTION 3: All Warrants shall be paid in the order in
rL-which they are registered, and on the first day of each month the
UI Town Treasurer shall give notice what Warrants he can pay, giving
M�the number and date of the Warrant and if not presented for paymeit
, within ten days after the date mentioned in said notice that no
07
interest after said date will be allowed or paid on said Warrants;
said notice may be published in a newspaper, if one is published in
said Town or posted at the de*r of the lost Office in said Town.
SECTION 4: All Ordinances in conflict with any of the provi- a,&&Y
sions of this Ordinance, are hereby repealed and`this Ordinance f
shall be in full force after its passage and publication.
passed and approved this fifth day of June 1893.
Attest: Wm.Rlummer, Clerk. W.F.Armstrong, Mayor.