§ 2-9. Interest and administrative fees assessable on monies due.

(a)

Overdue accounts; interest assessable. The city commission hereby authorizes imposing a one (1) percent penalty per month on past-due invoices owing to the city for services rendered. The penalty may be imposed on the thirtieth day after the invoice becomes first due and payable. The penalty may be imposed each month until the invoice if fully paid to the city. The one (1) percent penalty may be imposed by the director of financial management or one (1) of his designees pursuant to a plan established by that office.

(b)

Checks returned for insufficient funds. In the event that a check, draft, or other order for the payment of money is returned to the city dishonored for any reason, then the city shall not accept payment on said account without receiving a service fee of twenty-five dollars ($25.00) if the face value does not exceed fifty dollars ($50.00); thirty dollars ($30.00) if the face value exceeds fifty dollars ($50.00) but does not exceed three hundred dollars ($300.00); forty dollars ($40.00) if the face value exceeds the three hundred dollars ($300.00) or five (5) per cent of the face amount of the check, draft, or order, whichever is greater.

(Ord. No. 74-206, § 1, 2-4-75; Ord. No. 76-117, § 1, 6-1-76; Ord. No. 86-152, § 1, 10-7-86; Ord. No. 96-124, § 2, 5-7-96; Ord. No. 2011-119, § 2, 9-6-11)