Spokane & Eastern Trust Co. v. Young

The relator is the owner of a state warrant issued subsequently to the taking effect of the act, Laws 1895, p. 349 (Bah Code, §§ 3668-3672). Ho rate *123of interest is specified in such .warrants. This one is included in a late call for payment and the treasurer refuses to pay more than seven per cent, interest thereon, and the sole question presented is whether it bears interest at that rate or at eight per cent, per annum. Section 1 provides a rate of seven per cent, as to private parties when no different rate is contracted for. Section 3 is as follows:

“All state, county, city, town and school…