When payment of the rentals provided in Section 1042.01 is made within two months after the date of the notice mailed or otherwise delivered to the person or property liable for such :rentals, a discount of 2% thereof shall be allowed. If such rentals are not paid within four months after the date of such notice, a penalty of 5% shall be added. Commencing May 1 of the year following that in which such rentals and the penalty became payable, interest shall be added upon the total amount thereof at the rate of 6% per year until such indebtedness is fully paid.
(Ord. 483. Passed 10-17-45.)