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Assessment book; payment of assessments in installments.

Memphis Charter, art. 54, § 556
in effect
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Sec. 556. - Assessment book; payment of assessments in installments. The assessments for any district shall be written in a well-bound book, which shall show the amount assessed against any property in said district, with appropriate columns to credit the payment of said assessment. Any property holder who desires to do so may, within the thirty days allowed for so doing, sign said assessment book, agreeing to pay the said assessment in five annual installments, together with six percent interest on each of said installments, until paid. If said installments are not paid when due, then all of the said sums shall become due and collectible as hereinafter provided. (Priv. Acts 1923, ch. 426, § 8)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART54STIMUNDIPLNOFRFO_S556ASBOPAASINFetched: 10/28/2026

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