365. School taxes shall bear interest at the rate of six per cent per annum after thirty days from the date when they become exigible.
Nevertheless the school commissioners or trustees, by a resolution passed within thirty days preceding the end of the school year, may enact a rate of interest different from that above provided; the rate so enacted shall apply for the ensuing school year.
The school board shall not have power to remit such interest.
School taxes shall be prescribed by three years.
R. S. 1964, c. 235, s. 397; 1968, c. 62, s. 1.