Ordinance 273-73 - Laserfiche WebLink

• • 1 ing unpaid may be paid in 15 equal annual installments 2 with interest thereon not to exceed eight percent (8%) 3 per annum. The first installment of assessments on 4 said assessment roll shall become due and payable dur- 5 ing the thirty-day period succeeding the date one year 6 after the date of first publication by the City Treas- 7 urer of notice that the assessment roll is in his hands 8 for collection and annually thereafter each succeeding 9 installment shall become due and payable in like man- 10 ner. If the whole or any portion of the assessments 11 remains unpaid after the thirty-day period, interest 12 upon the whole unpaid sum shall be charged at a rate 13 not to exceed eight percent (8%) per annum and each 14 interest due on the whole of the unpaid balance , shall 15 be collected. Any installment not paid prior to the 16 expiration of the said thirty-day period during which 17 such installment is due and payable shall thereupon 18 become delinquent. All delinquent installments shall 19 be subject to a penalty charge of 5% per annum on the 20 delinquent principal. The collection of such delin- 21 quent installments will be enforced in the manner pro- 22 vided by law. 23 Section 4 : 24 This ordinance shall become effective upon be- 25 coming valid. 26 Section 5 : 27 The City may issue a note or sell bonds on the 28 29 30 31 32