The aforesaid board of commissioners shall have [the] power and authority by resolution
to provide for the collection of all assessments for the construction of such improvements
in not to exceed ten installments as follows: For water not to exceed ten installments,
including the cash payment if any, as the board of commissioners shall provide by
resolution. Said installments for water shall not bear interest if payment therefor
is made on or before maturity. Assessments for all other improvements provided in
this division shall be paid as follows, to wit: one-fourth cash, and the balance in
one, two and three years. Deferred payments shall bear interest at the rate of seven
percent per annum. All persons desiring to avail themselves of the installment plan
on payment of assessments shall, within ten days after the assessment is made, sign
notes in such sum and tenor as said board shall direct, and to become due as aforesaid,
together with any interest required under this section. In case any one of the installments
above provided for shall fall due and remain unpaid, then the county, or contractor,
or any other person to whom such assessment may have been transferred, if such assessments
have been transferred, shall have the right to have execution issued thereon for the
full balance due thereon with interest to date, and proceed to collect the same by
levy upon the property of the owner so improved, and such property shall be advertised
and sold by the sheriff of the county by virtue of such execution under the same rules
and regulations as govern other sheriff's sales. The execution shall issue in the
name of the board of commissioners but may be filed by any officer or employee of
Fulton County to whom such duty is delegated by resolution of the board of commissioners
of the county.
