§ 50-43. Payment of assessments; installments; executions.
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The Board of Commissioners of Fulton County, or other county authority, shall have
the power and authority by resolution to provide for the payment of such assessments
in two or more annual installments (not, however, exceeding four annual installments
in the aggregate), which county authority shall provide by the resolution assessing
the cost or by separate resolution for the due date of such installments and the rate
of interest (not exceeding seven percent per annum) to be charged on deferred installments.
All persons desiring to avail themselves of the installment plan of payment so provided
by said county authority shall, within 60 days after the assessment is made, sign
notes in such form and tenor as said county authority shall direct, which notes shall
mature and bear interest as provided by the terms of said resolution. Such notes shall
be negotiable in form and shall constitute liens against the property so assessed,
which property shall be briefly described in the face of the note. In case any one
or more of the installments for which notes are given shall become due and remain
unpaid, then the remainder of said installments relating to the same property shall
become immediately due and payable, and Fulton County or any contractor or person
to whom such note or assessment has been transferred shall have the right to have
execution issued thereon for the full balance due, with interest to date of issuance
of execution plus a penalty of ten percent of the amount then due, and proceed to
collect the same by levy upon the property described in such note or any property
of such owner within the county, which execution may be levied and said property advertised
and sold by the Sheriff of Fulton County or his lawful deputies under the same rules
and regulations governing other sheriff's sales in said county. Executions so issued
shall be issued in the name of Fulton County, shall bear teste in the name of the
county authority of Fulton County and shall be signed by the clerk of the board of
commissioners or other county authority.
(1949 Ga. Laws (Act No. 334), page 1423, § 11)
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