Oklahoma § 11-37-225 Due date of first installment - Payment of assessments

Oklahoma Statutes

§ 11-37-225 — Due date of first installment - Payment of assessments

Oklahoma § 11-37-225

Title 11Cities And Towns

This text of Oklahoma § 11-37-225 (Due date of first installment - Payment of assessments) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 11, § 11-37-225 (2026).

Text

- Interest on delinquent installments.

A.The first installment of the assessment, together with interest upon the whole assessment from the date of the passage of the assessing ordinance to the first day of the next September, shall be due and payable in cash on or before the first day of September next succeeding the passage of the assessing ordinance. If the assessing ordinance is not passed prior to the first day of July in any year, the first installment of the assessment shall be due and payable in cash with interest from the date of the passage of the assessing ordinance to the first day of September of the following year.

B.The assessments shall be payable as the several installments become due, together with the interest thereon, to the municipal clerk, who shall give proper rece

Free access — add to your briefcase to read the full text and ask questions with AI

- Interest on delinquent installments. A. The first installment of the assessment, together with interest upon the whole assessment from the date of the passage of the assessing ordinance to the first day of the next September, shall be due and payable in cash on or before the first day of September next succeeding the passage of the assessing ordinance. If the assessing ordinance is not passed prior to the first day of July in any year, the first installment of the assessment shall be due and payable in cash with interest from the date of the passage of the assessing ordinance to the first day of September of the following year. B. The assessments shall be payable as the several installments become due, together with the interest thereon, to the municipal clerk, who shall give proper receipts for the payments, and credit the payments upon the Assessment Record. In case any installment or interest is not paid when due, the installment so matured and unpaid and the unpaid interest thereon shall draw interest at the rate of twelve percent (12%) per annum from maturity until paid, except as otherwise provided.