When bonds are issued pursuant to this plan, the bond provisions of the Improvement Act of 1911 shall apply.
(Prior code App. A, § 320)
When the assessment was levied under this article, interest shall run from the date of filing the list of unpaid assessments. Otherwise, interest shall run from a date to be determined by the Council.
(Prior code App. A, § 321)
As an alternative method for the collection of such assessments which are of an amount less than $50.00, proceedings may be had in accordance with the alternative provisions of Section 4-12.130.
(Prior code App. A, § 322)
In addition to the amounts provided in Section 6447 of said Act, to be paid by the owner in the event he desires to discharge the lien of such bond, the owner shall pay a premium of five percent of the unpaid principal of such bond. The redemption provisions contained in such bond as provided in said Section 6447 of said Act, shall have added thereto the words, "together with a premium of five percent of the unpaid principal."
(Prior code App. A, § 323)