§ 15-6-439 — Payment of assessments; redemption from liability; notice; bonds; use of sums

The owner of any lot, tract or parcel of land or other property
charged with any assessments may redeem it from all or any
portion of the liability for the contract price of the
improvement by paying the entire assessment or any portion
thereof charged against the lot or parcel of land, without
interest, within thirty (30) days after notice to him of the
assessment unless the legal owners of record of all of the
property assessed in the district have waived this thirty (30)
day period. Unless the legal owners of record of all property
assessed in the district waive the thirty (30) day cash payment
period, the city or town treasurer, as soon as the assessment
roll has been placed in his hands for collection, shall publish
the notice in a newspaper of general circulation within the city
or town. The notice shall be published once a week for two (2)
consecutive weeks and shall specify that the roll is in his
hands for collection and that any assessment thereon or any
portion of any assessment may be paid at any time within thirty
(30) days from the date of the first publication of the notice
without penalty, interest or costs. Bonds may be issued prior to
the expiration of the thirty (30) day period but only if the
legal owners of all of the property assessed in the district
have waived the thirty (30) day cash payment period, and bonds
may be issued at any time after the expiration of the thirty
(30) day period. The governing body may provide that the owner
of any lot or parcel of land may redeem it from all liability
for the unpaid amount of the assessment at any time after the
thirty (30) days, if applicable, by paying all the installments
of the assessment remaining unpaid, with interest thereon to the
date of the maturity of the installment next falling due. If any
sum is paid as provided in this section, it shall be paid to the
city treasurer, or to the officer whose duty it is to collect
the assessments, and all sums so paid shall be applied solely to
the payment of the cost and expense of the improvements or to
the redemption of the bonds issued.