At the close of business on the fourth day of Seprember, 1981. the Collector of The Corporation of the City of Port Coquitlam shall add to the unpaid taxes of the current year. (exclusive of the five percentum addition authorized by subseecion (a) of this section), in respect of each parcel] of land and the improvements thereon upon the real property tax roll, a further £ive percentum (5%) of the amount then ramaining unpaid. The said unpaid taxes, together with the amounts added under this section, are deened to be taxes of the current year due on such land and improvements thereon, and the amounts added under this section when. collected shall form part of the general revenue of The Corporation of the City of Port Coquitlam. 5. This By-law may be cited for all purposes as the "City of Port. Coquitlam Rates By-law, 1981, No. 1837. . Kead a first time by the Municipal Council this Fourth day of May, 1981. Read a second time by the Municipal Council this Fourth day of May, 1981. Read a third tinsc by the Municipal Council this Fourth day of May, 1981. Reconsidered, finally passed and adopted by the Municipal Council of The Corporation of the City of Port Coquitlam this Eleventh day of May, 1981. City Clerk.