For all taxes due and owing to the Borough of Kenhorst where payment
is made by the taxpayer of the whole amount of said tax within two
months from the date of tax notice, the taxpayer shall be entitled
to deduct from said tax amount a discount of 2%.
Any taxpayer who shall fail to pay any tax assessed against him by
the Borough of Kenhorst for a period of more than four months from
the date of the tax notice shall have added by the Tax Collector to
the tax amount due and owing a penalty of 10%, to be collected by
the Tax Collector in addition to the amount set forth on said tax
notice, effective for the 1977 tax year and thereafter.