Ordinance 1550 - Laserfiche WebLink

est within the first thirty days following the date of the first publication of the notice by the city treasurer that such assessment and assessment roll is in his hands for collection, and the unpaid balance, if any, may be paid in equal annual installments, the number of which shall equal the number of years which the bonds to pay for the improvement may run, or the lien of any such assessment may be discharged at any time after the said thirty days by paying the entire unpaid portion thereof, with all penalties and costs attaching, toget er with all interest thereon to date of delinquency of the installment thereof next falling due. The first installment shall become due and payable during the thirty day period succeeding a date one year after the date of the first publication of such notice, and annually thereafter each succeeding installment shall become due and payable in like manner. If the whole or any portion of any assessment remains unpaid after the first thirty day period herein provided for, interest upon the whole unpaid sum shall be charg» ed at the rate fixed in the ordinance providing for such improvement, and each year thereafter one installment, together with interest due upon the whole of the unpaid balance, shall be collected. Any install ment not paid prior to the expiration of the thirty day period during which said installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject to a charge for interest at the bond rate, as herein specified, from the date of delinquency until the date of delinquency of the installment next falling due after the payment of such installment, and to an additional charge of five per cent penalty levied upon both principal and interest due on such installment or installments." Section 2• That Section 13 of said Ordinance No. 1439 be and the same is hereby amended to read as follows: "Section 13: C. RTIFICATAS OF SALE: One year after the