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1949-321 Asuch lot or parcel, he or she shall have the privilege of paying the sum in equal annual installments in each of five succeeding years, with interest upon such deferred installments at the rate of six percent per annum, pay- able annually from the date on which such assyssment would be due if such undertaking were not filed. PASSED AND ADOPTED this 6th. day of December, A.D. 1949. r ATTEST s &., --mr- C s8dent, "C Council 03s, rk