Cusp, 255 MUNICIPAL 9 Sr, 2

Instalment
collevuoa
of sce,

381. (1) The Council may by by-law provide for the payment of
such real-property taxes as may be designated in the by-law by monthly,
quarterly, or semi-annual instalments.

(2) Where a by-law is adopted under this section, the Council may
by by-law provide for the modification of the requirements of sections
37] and 384 of this Act.

(3) The Collector shall, in accordance with a by-law passed under
this section, determine the amount of each instalment of taxes payable
under the by-law in respect of any parcel of land, and each such amount
is due and payable in accordance with the by-law.

(4). There may be specified in a by-law adopted under this section
‘he additions to be made to any unpaid instalment of taxes for the current
year if not paid on or before the due date and the interest charges that
may be added to unpaid instalments of taxes in arrear and delinquent
taxes if not paid on or before the due date, but the addition to unpaid
instalments of taxes for the current year shall not excced ten per centum
of the amount of those taxes, and the interest charges shall not exceed
eight per centum per annum,

(5) The Council may, in a by-law adopted nnder this section, pro-
vide for classification of real property according to uses or amount of
taxes payable in the immediately preceding year, or both, and may
exempt any class of real property from the provisions of the by-law.

(6) A person liable for the real-property tax in respect of a parcel of
Jand, upon delivering or causing to be delivered to the Collector a
request in writing for exemption from this section in respect of the real-
Property taxes on such parcel, is exempt from the by-law, and the pro-
visions of this Act and of the by-laws of the municipality apply to him in
respect of the parcel as if the by-law had not been adopted under this
section. :

(7) A request made under subsection (6) may be revoked for anty
subsequent year by the owner of the parcel of land in respect of which
the request was made, 1964, c. 33, s, 26; 1972, c. 36, s. 21,