All payments of principal or interest must be paid to the county treasurer. The:

1. (1) treasurer shall file a receipt with the county auditor; and

2. (2) auditor shall give the payor a receipt and record the payment.

   The county auditor may accept payment of principal or interest if the county auditor can immediately transmit and pay the payment to the county treasurer.

   [Pre-2006 Recodification Citation: 21-1-7-13 part.]

As added by P.L.2-2006, SEC.165.