Section 13
SEC. 13. The third and sixth paragraphs of Section fifty-five of the same Act are respectively amended to read as follows: "At the option of the taxpayer, the tax for any year may be paid in two installments to be fixed annually by the Municipal Board simultaneously with the rate per centum, of ad valorem taxation: Provided, That the time limit for the first and second installments shall be set at not later than the thirty-first day of May and the thirty-eight first day of October of each year, respectively: Provided, finally, That if the first installment is paid on time but the second installment is not paid on time, the penalties shall accrue only on the second installment. "At the expiration of the time for the payment of the real estate tax without penalty, the taxpayer shall be subject, from the first day of delinquency, to the payment at the rate of two per centum for each full month of delinquency that has expired, on the amount of the original tax due or installment thereof, until the tax shall have been paid in full or until the property shall have been forfeited to the city as provided in this Act: Provided, That in no case shall the total penalty exceed twenty-four per centum of the original tax due."