Ordinance 1467 - Laserfiche WebLink

i-� balance, if any, may be paid in equal annual installments, the number of which shall ecraal the number of years which the bonds to pay for the improvement may run,or the lien of any such assessment mayibe ` discharged at any time after the said thirty days by paying the entire unpaid portion thereof, with all penalties and costs attach- ing, together with all interest thereon to date of delinquency of the installment thereof next falling due. The first installent 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 subceeding 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 charged 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 installment not paid prior to the expiration of the thirty day period during which said installment is due and payable shall there- upon become delinquent. -. All delinquent installments shall be sub- ject. 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 18 of said ordinance No. 1439, be, and the same 'is hereby amended to read as follows: Section 18: LOCAL fdPROVNi,!t-NT CONTRACTS: During the time allowed in any contract for the completion of any work the commies- ,. loner of public works shall, when requested in writing by the contractor at the end of any month during which said request has been made, issue an estimate of the amount of work completed during . such month or completed and for which no estimate has been issued, and upon the, completion of the work said commissioner shall issue a