If any property owner defaults in the payment of any installment and interest on the installments, all of the installments, with interest, and an additional sum equal to one half (½) the annual interest, shall become immediately due and payable.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 32 - Improvements by Special Assessment
§ 7-32-102. Ordinance for Improvement
§ 7-32-103. Filing of Documents
§ 7-32-104. Appointment of Time to Hear Objections
§ 7-32-105. Notice of Ordinance and Hearing of Objections
§ 7-32-106. Hearing of Objections — Final Action on Ordinance
§ 7-32-107. Undertaking Work — Construction Contract
§ 7-32-108. Security Required of Bidders
§ 7-32-109. Rejection of Bids — Rebidding
§ 7-32-110. Contractor's Performance Bond
§ 7-32-111. Costs Borne by Railway
§ 7-32-112. Replacement of Railway Rails
§ 7-32-113. Ascertainment of Railway's Intent
§ 7-32-114. Deduction of Cost Payable by Railway
§ 7-32-117. Apportionment of Cost of Intersection Improvements
§ 7-32-118. Property Owners Bearing Entire Cost
§ 7-32-119. Costs of Improvements
§ 7-32-122. Filing Objections to Assessments
§ 7-32-123. Hearing on Assessments and Objections
§ 7-32-127. New Assessment to Replace Assessment Set Aside
§ 7-32-128. Correction of Errors
§ 7-32-130. Entries in Assessment Book — Copies
§ 7-32-132. Warrant for and Payment of Assessments
§ 7-32-135. Payment Date Without Installment Contract
§ 7-32-137. Default in Installment Payments
§ 7-32-139. Purchase by City — Resale by City
§ 7-32-140. Power to Borrow and Pay for Improvements