[HISTORY: Adopted by the Township Council of the Township
of Clark by Ord. No. 97-05 (Sec. 2-70 of the 2002 Revised General Ordinances). Amendments
noted where applicable.]
No insurance company authorized to issue fire insurance policies
in the State of New Jersey which issues or renews any fire insurance
policy after the adoption of this chapter and the filing of the same
with the State Commissioner of Insurance shall pay to any claimant
a sum in excess of $2,500 for fire damage on any real property located
within the Township of Clark until such time as:
A.
All taxes and assessments and all other municipal liens and charges
due and payable to the Township, as are indicated on an official certificate
of search for municipal liens, shall have been paid in full; or
B.
The municipality submits to the insurance company a copy of a resolution
adopted pursuant to N.J.S.A. 17:36-11.
If any appeal is taken on the amount of any lien or charge,
other than an appeal on the assessed valuation of real property, the
insurance company shall issue a draft payable to the court of record,
pursuant to N.J.S.A. 17:36-10, in an amount totaling 75% of the full
amount of the lien or charge being contested, and the insurance company
shall issue a draft payable to the Township for the remaining 25%
of the lien or charge being contested; provided, however, that the
amount paid by the insurance company to the court and the municipality
shall not exceed the proceeds payable under its insurance policy.
The provisions of this chapter are intended to be interpreted
in conjunction with N.J.S.A. 17:36-8 through N.J.S.A. 17:36-13, and
the provisions of these statutes are herein incorporated by reference.
