§ 14-1430 Tax for unpaid assessments. The board of trustees shall\ninclude in the annual tax levy the principal or interest accruing during\nthe same fiscal year upon bonds, notes or certificates of indebtedness\nissued on account of default in the payment of local assessments under\nthis article, and shall levy the same upon the lots or parcels in\ndefault.\n Such principal shall be apportioned among the lots or parcels in\ndefault so that the tax thereon will be the same as if an equal portion\nof the assessment were then to be paid. Interest on an unpaid assessment\nshall be added to such tax at the rate payable by the bond, note or\ncertificate of indebtedness, which must be computed to the time when the\nprincipal or an instalment will become due; or if no principal will\nbecome due during the fiscal year, then the interest accruing during\nthat year upon the assessment must be levied upon such lot or parcel.\n
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