Whenever the town or any special district administered by the
Town Board shall be a judgment creditor, the Town Board may take whatever
steps are necessary to protect the lien of its judgment against real
property of the judgment debtor, including the purchase, satisfaction
or discharge of all superior liens, the purchase of the real property
of the judgment debtor, or the redemption of such real property from
superior liens, including liens arising out of the nonpayment of taxes
upon real property, pursuant to the procedures herein prescribed.
There is hereby created a Real Property Redemption Committee
for the Town of Hempstead (hereinafter sometimes referred to as the
"Committee"), to consist of four persons, each to be designated in
writing filed with the Town Clerk by the heads of the following departments:
Town Attorney, Town Comptroller, Buildings and Real Estate.
Any moneys to be expended for the purposes herein provided shall
be appropriated as necessary out of the surplus funds of the town,
or special district involved.
The Town Board shall periodically, as required by resolution,
direct the manner and terms of disposition of any real property, or
interest therein, acquired as in this chapter provided, and all moneys
realized from such disposition shall be surplus funds of the town
or of the special district involved, as the case be. Such disposition
may be at public or private sale.