Vendees in possession of real estate under bona fide contracts
to purchase, when such contracts, under which they claim title, are
recorded in the office of the Hudson County Register, and widows residing
on real estate by virtue of dower or other estates therein limited
in time by title, will, jointure or settlement shall be deemed to
have legal or beneficial title to said real estate.
No exemption from taxation on the valuation of real property,
as provided herein, shall be allowed except upon written application
therefor by or on behalf of such resident, which application shall
be on a form prescribed by the Board of Assessors of the City of Hoboken,
and such form shall be duly sworn to under oath by such applicant.
The Board of Assessors of the City of Hoboken may, at any time, inquire
into the right of a claimant to the continuance of an exemption hereunder,
and for that purpose he may require the filing of a new application
or the submission of such proof as he shall deem necessary to determine
the right of the claimant to continuance of such exemption.