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§ 37-225. Due date of first installment--Payment of assessments--Interest on delinquent install...

Oklahoma Statutes AnnotatedTitle 11. Cities and Towns

Oklahoma Statutes Annotated
Title 11. Cities and Towns (Refs & Annos)
Chapter 1. Municipal Code (Refs & Annos)
Municipal Departments and Services
Article XXXVII. Sewer and Water Systems
Part 2. Sewer and Water System Improvements
11 Okl.St.Ann. § 37-225
§ 37-225. Due date of first installment--Payment of assessments--Interest on delinquent installments
A. The first installment of the assessment, together with interest upon the whole assessment from the date of the passage of the assessing ordinance to the first day of the next September, shall be due and payable in cash on or before the first day of September next succeeding the passage of the assessing ordinance. If the assessing ordinance is not passed prior to the first day of July in any year, the first installment of the assessment shall be due and payable in cash with interest from the date of the passage of the assessing ordinance to the first day of September of the following year.
B. The assessments shall be payable as the several installments become due, together with the interest thereon, to the municipal clerk, who shall give proper receipts for the payments, and credit the payments upon the Assessment Record. In case any installment or interest is not paid when due, the installment so matured and unpaid and the unpaid interest thereon shall draw interest at the rate of twelve percent (12%) per annum from maturity until paid, except as otherwise provided.
C. No statute of limitations shall run against any assessment or installment thereof.

Credits

Laws 1977, c. 256, § 37-225, eff. July 1, 1978.
11 Okl. St. Ann. § 37-225, OK ST T. 11 § 37-225
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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