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Current as of January 01, 2024 | Updated by Findlaw Staff
8. That when any lands assessed under the act to which this is a supplement, have been heretofore or shall hereafter be redeemed by any person having a mortgage or other lien or encumbrance thereon, the person so redeeming shall hold and retain a first lien on said lands, subject only to taxes and assessments thereafter levied and assessed, to the amount of the sum paid by him to effect such redemption, together with lawful interest thereon from the time of such payment; and the certificate of the city treasurer stating the payment and showing what property such payment is intended to redeem, shall be evidence of such redemption and payment; any person redeeming lands sold under the provisions of the act to which this is a supplement, shall pay to the city treasurer, for the use of the purchaser, his legal representatives or assigns, not only the sum paid at the sale, with interest, as provided in section sixth of said act, but also any other tax or assessment chargeable thereon, and which the said purchaser or his legal representatives or assigns may have paid since said sale, together with lawful interest on such payment from the time of filing such notice; provided, a notice of such payment shall have been filed in the office of the city treasurer.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 54 § 6-1(31) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-54-6-1-31/
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