The Mayor and Council hereby provides for tax
liens on fire-damaged properties, pursuant to the provisions of P.L.
1978, c. 184 (N.J.S.A. 17:36-8 through 17:36-13), as amended and supplemented,
prohibiting the payment to a claimant by any insurance company of
any claim in excess of $2,500 for fire damages on any real property
located within the borough pursuant to any fire insurance policy issued
or renewed after the adoption of this article until such time as all
taxes and assessments and all other municipal liens or charges due
and payable appearing on an official certificate of search shall have
been paid, either by the owner of such real property or by the insurance
company pursuant to the provisions of said statute, or the borough
submits to the insurance company a copy of a resolution adopted by
the governing body of the borough authorizing the owner to pay said
municipal liens in installments pursuant to N.J.S.A. 54:5-19.