Laserfiche WebLink
establishing charges for water or other services shall specify the <br /> time or times when the same shall be payable and shall be levied <br /> or established sufficiently in advance of the date of payment so <br /> as to permit collection thereof in any orderly and business-like <br /> manner on or before the time when due. <br /> Section 3. Amount of assessments and service charges. <br /> The Board of Directors in determining the amount of any such <br /> assessments and/or water or other service charges shall make <br /> reasonable allowance for estimated deficits caused by the failure <br /> of some stockholder to pay the same. <br /> Section 4. Notice of assessments. <br /> The Treasurer on or before fifteen days in advance of the date <br /> of payment shall notify each shareholder of any and all such <br /> assessments and of the amount thereof and the time payable either <br /> personally or by depositing the same in the post office, postage <br /> paid, addressed to the stockholder at his last known address as <br /> shown by the records of the Association. <br /> Section 5. Interest in delinquent assessments. <br /> All assessments shall be subject to a penalty of one-half of <br /> one per cent per month or a fraction of a month, from the date due <br /> until paid, unless otherwise provided in the assessment or <br /> especially provided by the Board of Directors. <br /> ARTICLE V <br /> Enforcement of Collections <br /> Section 1. Time after delinquency. <br /> The Board of Directors at the expiration of the first six �J <br /> 10 Jy <br /> 64 <br />