An assessment imposed under the provisions of this Article may, in and by the assessment provided for in Section 215 of this Article, be made payable in installments.
Whenever assessments are made payable in installments as aforesaid, the assessment provided for in Section 215 of this Article shall state the number of annual installments in which the assessment may be paid and the rate of interest, not over the percentum per annum set by law by the State of California, to be charged on all deferred payments. The first installment shall be payable at the time provided for in Section 229 of this Article.
(Amended by Ord. 368-82, App. 7/30/82)