The rates established in this chapter are net if all bills are paid in full within ten days of the date of the bill. On accounts not paid within such time, an amount equal to five percent of the face amount of any the account shall be added to the face amount of the account, which total shall then become the amount due and payable.
(1978 Code § 51.07; Ord. 82-10. Passed 4-7-82.)