5. The Collector shall indicate on each annual tax bill and flat rate
utility bill, to any participating taxpayer, the total of all payments
received plus interest earned and show the amount reguired to pay the balance
of tne taxes or flat rate utility bill due on the due date of that year and
such annual tax bill or flat rate utility bill shall be calculated on the
basis that amounts due on the monthly tax prepayment scheme shall be paid as

scneduled.

6. In the event that there are taxes in arrears or delinguent chargeable
on the property in question any payment will be applied first to such arrears
or delinquencies.

7. A participating taxpayer may, at any time, Withdraw. from the
installment plan but no monies paid into the plan will be returned or refunded
and the Collector shall continue to pay interest as set out in this Bylaw on
those monies previously paid.

8. The Collector may cancel the privilege of continuing in the
installment plan if two consecutive installments fail to be honored.

9. No interest shall be paid on any monies paid after May Ist for tne
current years taxes, except to those persons who have completed Schedule A and
thereby authorized automatic deduction from a bank account.

10. This Bylaw may be cited for all purposes as the "Tax Prepayment Plan
Bylaw, 1988, No. 2351"