§ 1434. Partial payment of taxes. 1. Notwithstanding any provision of
this article to the contrary, the board of trustees of any village may
by resolution determine to collect taxes in two installments. If such a
resolution is adopted, the first installment shall be collected at the
time, in the manner and subject to the same interest specified and
provided for in this article, or pursuant to the provisions thereof, for
the collection of taxes, and the second installment in like manner and
subject to the same interest. The particular dates and times specified
in this article or pursuant thereto as governing the collection of the
first installment shall govern the collection of the second installment,
except that they shall be corresponding dates and times as determined by
resolution of the board of trustees.

2. If such resolution be adopted as provided in subdivision one
hereof, the said board of trustees of any village may by resolution
further provide that the second installment may be paid in full at the
same time as the first installment, and that on such advance payment a
discount will be allowed from such date of payment to the date when the
said second installment is due and payable, at a rate not to exceed two
per centum per annum.