Pursuant to the authority granted by the General Assembly of
the Commonwealth of Pennsylvania by Act 126 of 1976, amending Section
10 of the Act of May 25, 1945, P.L. 1050, the Local Tax Collection
Law, the Council of the Borough of Collegeville does hereby
establish: A penalty of 10% on all taxes which remain unpaid four
months after the date of the tax notice, which penalty shall be added
to the taxes due by the tax office and collected by it.