[Adopted 12-13-1967 as Ch. 48, Art. II, of the 1967 Code]
It hereby determines that the financial position of the City of Linwood for 1961 will not thereby be impaired and it hereby directs that the exemption claimed and allowed for 1961 shall operate to reduce the taxable valuation for 1961 for the purpose of computing the amount of tax due upon such properties for such year pursuant to Paragraph 6, Chapter 9, P.L. 1961.