Should any annual report and accompanying payment not be made under § 114.016 within the 90 day period mentioned in such section, the grantee shall further pay interest on the amount due under § 114.011 at the rate of one percent per month from the last day of the franchise payment period for which such payment was due.
('64 Code, § 10-17) (Ord. 168, passed 2-9-61)