Laserfiche WebLink
1 expiration of the said thirty-day period during which such install- <br /> 2 ment is due and payable shall thereupon become delinquent. All <br /> 3 delinquent installments shall be subject to a penalty charge of <br /> 4 5% per annum on the delinquent principal . The collection of such <br /> 5 delinquent installments will be enforced in the manner provided <br /> 6 by law. <br /> 7 Section 4 : <br /> 8 The City may issue and sell bonds on the account of this <br /> 9 Local Improvement District, the interest rate to be determined on <br /> 10 market conditions at the time of sale. <br /> 11 Section 5: <br /> 12 This ordinance shall become effective upon becoming valid. <br /> 13 <br /> 14 <br /> 15 <br /> 16 <br /> ATTEST: / e) <br /> 174 e <br /> MAYOR <br /> 18 ty Clerk <br /> 19 <br /> 20 <br /> 21 <br /> 22 Passed: g_/V_ `72 <br /> 23 Valid: -1 -?f <br /> 24 Published: 340 ,-).? <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br /> 32 <br />