Except as to the tap fees required of all applicants, any property owner may arrange to pay the sums due pursuant to subsections (c)(2) and (c)(3) of Section 1046.04 by paying one-tenth thereof in cash, and by executing and delivering to the City his promissory note for the balance thereof, payable to the City in nine equal semiannual installments beginning six months after the date thereof, with interest on the unpaid balance at the rate of six percent per annum, computed and payable semiannually and secured as provided in Section 1046.09. However, any such note shall contain a provision accelerating the maturity of the entire balance thereof upon default for thirty days in the payment of any installment of principal or interest, and shall also contain a warrant of attorney for the confession of judgment thereon in the event of a like default.
(Ord. 23-64. Passed 9-22-64.)