Pennsylvania Act 1937-164 — FIRST CLASS CITIES, METHOD OF PAYMENT OF LOCAL ASSESSMENT

Act text

FIRST CLASS CITIES, METHOD OF PAYMENT OF LOCAL ASSESSMENT
                  Act of May 13, 1937, P.L. 624, No. 164              Cl. 53
                                  AN ACT

     Authorizing the authorities in any city of the first class to
        stipulate certain methods for the payment of local
        assessments.

        Section 1.  Be it enacted, &c., That whenever local
     assessments or liens are imposed upon certain property holders
     in any city of the first class in this Commonwealth, the
     authorities of such city may, by general ordinance or by
     ordinance relating to the specific improvement, prescribe that
     such assessments may be paid in not more than ten equal
     installments, payable at such times as may be fixed by
     ordinance, the last thereof not to be more than ten years after
     the completion of the work of the improvement for which it is
     assessed. The installments shall bear interest at the rate of
     not more than six per centum per annum, commencing at such time
     as may be fixed by ordinance. If any of said installments shall
     remain unpaid for two months after the same shall become due and
     payable, the whole of the assessment remaining unpaid shall be
     due and payable.
        Any person, upon whom such assessment has been made, may pay
     all or as much as he chooses of such installment before the same
     is due.