Sec. 12. Whenever the treasurer redeems a warrant on which interest is due, the treasurer shall note on the warrant the amount of interest the treasurer pays on it and shall enter that amount, distinct from the principal, on the treasurer’s account.

[Pre-Local Government Recodification Citation: 17-3-32-9.]

As added by Acts 1980, P.L.212, SEC.1. Amended by P.L.127-2017, SEC.66.