A customer shall be assessed a late charge of 10% per month on any balance that is not paid and credited to an account before the close of books on the first working day of the succeeding month. Late charges become due upon the second working day of the succeeding month. Partial payment by a customer does not excuse a late charge on the remaining balance. The corporate authorities may waive late charges in the interest of fairness.
(Ord. 11-15, passed 5-17-2011)