§ 2-967. Interest on bills for public improvements, amount, collection.

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All bills for public improvements in the city against abutting property owners, whether for street paving, curbing, sidewalks or sewer assessments, shall bear interest at the rate of 12 percent per annum or one percent per month, beginning 30 days after the date of the bill for the particular assessment. Such interest shall be collected with the principal of each execution from the defendant in fi. fa. or from the property subject to the lien of such assessment. However, as to assessments for paving under what is known as the baby bond plan, interest shall begin to run from the date the mayor approves the assessment ordinance, provided that bills for pavement under such plan may be paid within 30 days after the assessment without the payment of any interest.

(Code 1977, § 7-4022)

                    
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