Wilcox v. Village of Edgerton

Citations

• 103 Ohio St. (N.S.) 267

Syllabus

<p>Municipal corporations — Assessments — Limitation of one-third of property value — Section 3819, General Code — Interest on deferred installments — Not part of improvement cost, when.</p> <p>Where a statute limits the assessment for local improvements to thirty-three and one-third per cent, of the actual value of the property so assessed after the completion of such improvement, and the village council pursuant thereto, by ordinance, fixes the mode of payment either in cash within -twenty days, or in ten annual installments, at the option of the property .owner, such installments to bear the same rate of interest as the bonds issued in anticipation of the collection of the assessments:</p> <p>Held, Upon the owner’s own election to pay in ten annual installments, , the interest charges ■ upon such installments are not in violation of Section 3819, General Code, so long as he was given the option of paying it all in one payment, within the thirty-three and one-third per cent.</p>