New Jersey § acts:saved-54 - (9)

§ acts:saved-54. (9)

9. The town, township, borough or other municipality may become the purchaser in its

corporate name at any sale of lands under this act, to the same effect as any other

purchaser, and at the expiration of the period for redemption shall be entitled to

a deed for the lands purchased by it, and in all cases where such lands shall be bought

by the town, township, borough or other municipality under this act, it shall be lawful

for the township committee or other governing body to sell and assign the certificate

of sale or to sell and convey such property or any part thereof by good and sufficient

deeds of conveyance; such sale of any property so purchased by the town, township,

borough or other municipality shall be at public auction and shall be held at such

times as may be ordered and directed, by resolution of the township committee or other

governing body of such town, township, borough or other municipality; the collector

of taxes shall make sale of such lands at some public place within the town, township,

borough or other municipality, first giving notice of the time and place of such sale

by advertisement in a newspaper circulating in said town, township, borough or other

municipality for at least four weeks consecutively, once a week, and by posting the

same in five public places of the town, township, borough or other municipality at

least four weeks before such sale; he shall have power to adjourn such sale from

time to time, but for not less than one week at each adjournment, and shall publish

notice of such adjournment at least once in one newspaper circulating in the town,

township, borough or other municipality, and the property so advertised shall be then

sold to the highest bidder therefor (and upon payment of the purchase price the purchaser

shall be entitled to have a deed of conveyance for said lands in fee simple absolute,

free from all taxes, liens and assessments prior to said sale).