Claims due the City of Lima shall bear interest at the rate of ten percent (10%) per annum beginning thirty days from the day on which they fall due unless the Codified Ordinances or another statute or writing provides for a higher rate of interest. This section shall not apply to sums due the City in Chapters 880, 890, 1040, 1042, 1044 or 1052 of the Codified Ordinances. The Director of Law and the City Auditor may adjust such interest charges in such manner as is equitable.
(Ord. 45-85. Passed 2-25-85.)