No insurance company authorized to issue fire insurance policies in
the state shall pay any claim in excess of $2,500 on any real property located
in the City, unless or until the insured submits an official certificate of
search for municipal liens, pursuant to N.J.S.A. 54:5-12, certifying that
demolition is not required or that costs of demolition, taxes, assessments
or other municipal liens or charges levied and assessed and due and payable
against such property have been paid, or until the City submits to the insurance
company a certified copy of a resolution adopted pursuant to N.J.S.A. 17:36-11.