1965/66/67 session laws – Ch.243 Sec.1

G. 8S. 105-345 is hereby amended by adding a new paragraph at the end thereof to read as follows: Notwithstanding any of the provisions of this Section, there shall be no discount allowed for the prepayment of property taxes owed to the City of Morganton. Any property taxes due to the City of Morganton which are paid on or before the first day of February of the year following the year in which the same are due, shall be paid at par or face amount. When the tax is paid during the month of February after the year in which the same is due and payable, there shall be added to the tax, interest at the rate of one per cent (1%). When the tax is paid during the month of March following the year in which the same is due, there shall be added to the tax, interest at the rate of two per cent (2%). When the tax is paid on or after the first day of April following the year in which the same is due and payable, there shall be charged, in addition to the two per cent (2%), an additional interest at the rate of one half of one per cent (4% of 1%) per month, or fraction thereof, on the principal amount from said date.