The Tax Collector and the Tax Assessor of the
Township of Colts Neck in the County of Monmouth are hereby directed
to grant the tax exemption pursuant to N.J.S.A. 54:4-8.40 through
54:4-8.51, to those residents who so qualify under the provisions
of said statute, and to apply said tax exemption in the amount permitted
by statute to those residents who meet the prerequisites for said
exemption.