After the ordinance levying assessments has been passed, the City Recorder shall enter in the docket of city liens, a statement of the respective amounts assessed upon each particular lot, tract or parcel of land with the names of the record owners thereof, and, so far as readily known, the names of the owners thereof as defined in this chapter. Upon such entry in the lien docket, the amount so entered shall be a lien and charged upon the respective lots, tracts or parcels of land against which the same are placed. Such liens shall be first and prior to all other liens or encumbrances thereon whatsoever insofar as the laws of the state of Oregon allow. Interest shall be charged at a percentage rate per annum fixed by resolution of the City Council on all amounts not so paid within thirty (30) days from the date of such entry, or entry corrected pursuant to Section 3.12.040. The city may proceed to foreclose or enforce any lien to which it shall be entitled pursuant to the provisions of this chapter at any time after thirty (30) days from the date on which the assessment or assessment corrected pursuant to Section 3.12.040 was entered in the lien docket, in the manner provided for the foreclosure and/or enforcement of liens by the general laws of the state of Oregon. (Ord. 2-1991 § 1 (part), 1991: Ord. 2-1961 § 12, 1961.)