§ 11-68 INTEREST ON DEFERRED PAYMENTS.
   All deferred payments due under this article shall draw interest at the rate of one percent per month, and after payment has been in default for six months, a penalty of five percent shall be added thereto to the interest charge and shall be paid by any such person, firm, or company so in default.
(Ord. 2642, § 8, passed 11-12-1991)