In case of default in the payment when due of the principal of and interest on any installment of any assessment, the director of budget and fiscal services shall advertise and sell the property concerning which default is made. The sale shall be for the whole of the unpaid principal amount of the assessment thereon, interest and costs. Such sale and advertisement shall be made by the director of budget and fiscal services in the same manner, under the same conditions and penalties and with the same effect as provided by general law for sales of real property for default in payment of property taxes.
(Sec. 24-4.9, R.O. 1978 (1987 Supp. to 1983 Ed.)) (1990 Code, Ch. 14, Art. 26, § 14-26.9) (Am. Ord. 90-91)