§ 13.16. Partial payments—When due.

The Council may provide for the payment of special assessments in annual installments. Such annual installments, however, shall not exceed ten (10) in number, the first installment being due upon confirmation of the roll and the deferred installments being due an-annually thereafter. Interest shall be paid on all deferred installments at the rate of six per cent (6%) per annum, payable annually; provided that the whole or any part of the assessment with accrued interest thereon can be paid in advance of the due dates. In any case where the Council shall have provided for the payment of any special assessment in annual installments, any person owing such assessments or upon whose land the same may be a lien may elect to pay the same, or any unpaid balance thereof in one lump sum and no interest shall be required to be paid on any such payment beyond that which may have accumulated thereon on the date of such payment.