(1) The person lable to pay a betterment tax may, it bas Besterment- ~

option, instead of making either a lump-sum payment or payment tax may at by instalments where allowed by the Board, execute an agreement option of with the Board or any other authority specially authorised by the State oe owner Government in this behalf, to leave the said liability outstanding as made a a charge on his interest in the land subject to the pavement in perpe- charge om 3 tuity of interest at the rate of 6% per annum. higinferest

1. (2) A person who has exercised his option under sub-section
2. (1) may at any time after giving six months notice of his intention s0 to do, redeem the charge of paying the assessed mount of betterment tax or such part of it as may have been outstanding against him at the time he executed the agreement under sub-section (1).