[HISTORY: Adopted by the Mayor and Council of the Borough of Emerson 9-17-1996 by Ord. No. 1071. Amendments noted where applicable.]
Fire prevention — See Ch. 150.
No insurance company authorized to issue fire insurance policies in the State of New Jersey shall pay to a claim and any claim in excess of $2,500 for fire damages on any real property located within the Borough of Emerson, pursuant to any fire insurance policy, issued or renewed, after the adoption of this chapter, and the filing of this chapter with State Commissioner of Insurance, until such time as all taxes, assessments, and all other municipal liens or charges due and payable, appearing on the official certificate of search for municipal liens, pursuant to N.J.S.A. 54:5-12 shall have been paid either by the owner of such property or by the insurance company.
The Mayor and Council of the Borough of Emerson may, by resolution, enter into an agreement with the owner of any fire damaged property situated in the Borough of Emerson, to pay in full all delinquent taxes, assessments, or other municipal liens by installments, pursuant to N.J.S.A. 54:5-19, or for the redemption of tax sale lien by installment payments pursuant to Article 7 of Chapter 5 of Title 54 of the Revised Statutes of New Jersey if the Mayor and Council are satisfied that the claim for fire damage is to be used to restore or improve the fire damaged property or, alternately, if the full estimated cost of demolition has been paid to the municipality or the damaged structure has been demolished in accordance with law.
In the event of such a resolution is adopted, a certified copy of said resolution shall be sent to the insurance company, authorizing the insurance company to make full payment on the claim to the insured.