Warrants shall draw interest after presentation for payment at the Office of the Treasurer and endorsement by that officer as "not paid for want of funds" at a rate of interest to be determined by the governing body of the municipality.

Source: SL 1927, ch 149 ; SDC 1939, § 45.1418; SL 1950 (SS), ch 11 , § 1; SL 1982, ch 74 .