(A) The due date for payment on all bills will not be less than fifteen (15) days after the date of the bill. Bill paid on or before the due date will be payable at the net amount. Payments made after the due date will be subject to a late payment charge. The late payment charge for all customers will be ten percent (10%) of the balance of the unpaid portion of all monthly charges, excluding facilities rental, arrears and taxes. If the due date falls on Saturday, Sunday or any holiday which the utility observes, the next business day following will become the due date. If remittance is by mail, the date received by the utility becomes the date of payment. Customers who prove a single source of income as a once-monthly Social Security or disability check will be exempted from late payment charges.
(B) Any senior citizen sixty-five (65) years of age or over, and other persons totally disabled, whose social security or disability benefits are his principal source of income, after application to the Madisonville Light and Water Department, on a form to be furnished by that Department, shall be temporarily excused from the ten percent (10%) penalty mentioned above, until the fifth day of the month following the penalty date listed on their utility bill, and as set forth above in § 51.07.
('74 Code, § 27-28) (Ord. passed 3-4-74; Am. Ord. passed 7-7-75; Am. Ord. 2003-02, passed 1-21-03; Am. Ord. 2003-10, passed 4-21-03)