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installment of assessments on the assessment roll shall become <br /> due and payable during the thirty-day period succeeding the date <br /> one year after the date of first publication by the City <br /> Treasurer of notice that the assessment roll is in his hands for <br /> collection and annually thereafter each succeeding installment <br /> shall become due and payable in like manner . If the whole or <br /> any portion of the assessment remains unpaid after the first <br /> thirty-day period, interest upon the whole unpaid sum shall be <br /> charged at the rate as determined above, and each year there- <br /> after one of the installments together with interest due on the <br /> unpaid balance shall be collected. Any installment not paid <br /> prior to expiration of the thirty-day period during which such <br /> installment is due and payable shall thereupon become delin- <br /> quent . All delinquent installments shall be subject to a charge <br /> for interest at the rate of 16% per annum and for an additional <br /> charge of 12% penalty levied upon both principal and interest <br /> due upon such installment or installments . The collection of <br /> such delinquent installments shall be enforced in the manner <br /> provided by law. The application of Ordinance No. 733-80 is <br /> expressly deleted. <br /> �•�/ <br /> Mayor <br /> ATTEST: <br /> 11111 <br /> i/ <br /> City Clerk <br /> APPRO t AS • FORM: <br /> City torne <br /> PASSED: 3-✓7- b'.3 <br /> VALID: -3- , 7- 1-3 <br /> PUBLISHED: _3_ aJ 13 <br /> - 3 - <br />