187 Ga. 382 | Ga. | 1938
By section 7 of the act of Au
“All liquidated demands, where by agreement or otherwise the sum to be paid is fixed or certain, bear interest from the time the party shall become liable and bound to pay them; if payable on demand, from the time of the demand. In case of promissory notes payable on demand, the law presumes a demand instantly and gives interest from date.” Code, § 57-110. On application of the law as quoted, where interest had become due and payable on installments of paving assessments made under the act of August 4, 1925, supra, such accrued and matured interest was a liquidated demand, and itself bore interest from its maturity at seven per cent, per annum. Scott v. Saffold, 37 Ga. 384; Calhoun v. Marshall, 61 Ga. 275 (34 Am. R. 99); Ray v. Pease, 97 Ga. 618 (25 S. E. 360).
The existing general law (Code, § 92-7601) imposes'interest on executions for taxes and assessments, not discriminating between them. It has been held that a delinquent taxpayer could pay the tax before execution was issued, in which event he could not be
Under the foregoing rulings the amount alleged in the affidavit of illegality to have been tendered to the city as the lawful amount of principal and interest due under the assessment was insufficient as to the amount of interest collectible thereunder. The court did not err, for any reason urged, in dismissing the affidavit.
Judgment affirmed.