Code Section Group

Water Code - WAT

DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000 - 48401]

  ( Division 14 added by Stats. 1951, Ch. 391. )

PART 7. FINANCIAL ORGANIZATION [44400 - 44963]

  ( Part 7 added by Stats. 1951, Ch. 391. )

CHAPTER 2. Warrants [44600 - 44635]

  ( Chapter 2 added by Stats. 1951, Ch. 391. )

ARTICLE 2. Payment [44625 - 44635]
  ( Article 2 added by Stats. 1951, Ch. 391. )

44625.
  

The provisions of this article are applicable only to warrants payable on demand.

(Added by Stats. 1951, Ch. 391.)

44626.
  

Whenever any warrant of the district is presented for payment when funds are not available for payment, it shall thereafter draw interest at a rate determined by resolution of the board, not to exceed 7 percent per year, until public notice is given that such funds are available.

(Added by Stats. 1951, Ch. 391.)

44627.
  

Upon the presentation of warrants for payment when funds for payment are not available, the treasurer of the district or of the county, as the case may be, shall endorse on them all of the following:

(a) “Funds not available for payment.”

(b) The date of presentation.

(c) The interest that the warrants shall thereafter bear.

(d) His signature.

A warrant so registered is a registered warrant.

(Added by Stats. 1951, Ch. 391.)

44628.
  

The treasurer shall keep a record showing all of the following:

(a) Number and amount of each registered warrant.

(b) Date of its issuance.

(c) Person in whose favor it was issued.

(d) Date of its presentation for payment.

(Added by Stats. 1951, Ch. 391.)

44629.
  

The registered warrant is a contract in writing for the payment of money, and the period prescribed for the commencement of an action based upon the warrant is four years from the date of issuance.

(Added by Stats. 1951, Ch. 391.)

44630.
  

Whenever there is sufficient money in the treasury to pay all outstanding registered warrants or whenever the board orders that all registered warrants presented for payment prior to a certain date be paid and there is sufficient money available for payment, the proper treasurer shall give notice of this.

(Added by Stats. 1951, Ch. 391.)

44631.
  

The notice shall state that the treasurer is prepared to pay all registered warrants or all registered warrants presented for payment prior to the date fixed by the board. No further description of the warrants entitled to payment need be made in the notice.

(Added by Stats. 1951, Ch. 391.)

44632.
  

The notice shall be published once a week for two successive weeks in some newspaper published in the office county.

(Added by Stats. 1951, Ch. 391.)

44633.
  

All warrants designated in the notice shall cease to draw interest at the time of the first publication of the notice.

(Added by Stats. 1951, Ch. 391.)

44634.
  

Upon the presentation of any warrant entitled to payment under the terms of the notice, the treasurer shall pay it together with interest due on it from the date of its original presentation for payment to the date of the first publication of the notice.

(Added by Stats. 1951, Ch. 391.)

44635.
  

The treasurer shall enter all of the following in the record of registered warrants he is required to keep:

(a) Dates of the payment of all the warrants.

(b) Names of the persons to whom payments are made.

(c) Amount paid to each person.

(Added by Stats. 1951, Ch. 391.)

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