O-1967-759 - Laserfiche WebLink

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.' , . . . -4- the cancelled checks or warrants of the City purporti~g to have been endorsed by said trustee shall create a conclusive presump- tion of such paymen~ by City. (4) The petitioners, thro~gh their chairman, will be requested to pay in'cash their advance payment, as provided for above, and to either pay in cash or execute notes for the connec- tion cha!ge assessable' against their property, as determined under the provisions hereof, and each petitioner will at the same time file an application and contract for water and sewer service, pay the required connection charges as p~ovided for in Section 2 '~ hereof, and make the required service deposit. Al1.notes executed by the petitioners to secure payment of their connection charge will bear interest at the rate of six per cent (6%) per annum on the unpaid balance. The notes shall also provide that any del in- quent payments of principal and interest will bear interest at the rate of ten per cent (10%) per annum, for ten per cent (10%) attorney's fees and optional acceleration of maturity by City Clerk upon default. When the petitioners have paid the advance payment to the City in ,cash, and have either paid in cash or executed notes fo'r the connection charge to connect their proper- ties to the mains, and have made application and contract for 4It service and paid their connection cha~ges as provided for in Section 2 hereof, and made their required service deposits, City Clerk will proceed with the initiation of the project in the usual manner. (5) The'notes provided for in sub-section (4) above shall be payable either in monthly installments not to exceed twelve (12) months, provided such notes may be paid before maturity; however, no installment shall be less than $5.00, and such installments shall be added to the monthly water bill of . such person. Default on the payment of any such in~ta11ment shall authorize the Ci~y to terminate water service to such person until all delinquent amounts have been made, together with such other fees, charges and penalties as may be incurred or , J ,: ~1'~lF' .' ~\. t~ :.:s;:.:. .: .',::t. ':2' IP ..~.;; "