Union Savings Bank & Trust Co. v. Gelbach

Citations

• 8 Wash. 497
• 24 L.R.A. 359
• 36 P. 467
• 1894 Wash. LEXIS 98

Syllabus

<p>COUNTY WARRANTS — INTEREST — EFFECT OF LAW CHANGING RATE.</p> <p>Under the laws of this state a county warrant is a contract to pay money, and, if not paid on presentment to the county treasurer, the legal rate of interest in effect at such time enters into the contract as a part thereof, and cannot be affected by a subsequent law reducing the rate. (Hoyt and Anders, JJ., dissent.)</p>