New Jersey Acts Saved from Repeal ACTS SAVED 54 § 6-1(18)

5. That upon the application of the owners, or persons interested in any lands in any city to the commissioners appointed under the act to which this is a supplement, for said city, for the adjustment of any assessments in arrears prior to the thirtieth day of March, one thousand eight hundred and eighty-six, said commissioners may proceed forthwith to adjust the same, and may report the same to the comptroller of the city or other officer for collecting assessments, and in case said amount so adjusted shall be paid within thirty days after said report shall be received by said comptroller or other officer, together with all arrears of taxes, water rents or water rates upon said property, due to the said city at the time of said payment, the payment of said amount so adjusted shall be in lieu of all assessments for street and sewer improvements due upon said property at the time of said payment; provided, no adjustment shall be made for an amount less than the principal amount of said assessments; provided, that if the amount so adjusted in lieu of said assessments shall not be paid within thirty days after the same shall be reported to said comptroller of said city or other officer for collecting assessments, together with all arrearages of taxes, assessments, water rents, or water rates due at the time of said report, said adjustment shall be void, and said assessments shall remain as if no adjustment had been made and subject to the general provisions of the act to which this is a supplement.