[HISTORY: Adopted by the Mayor and Council of the Borough
of Red Bank by Ord. No. 14-79 (Sec. 2-68 of the 1987 Revised General Ordinances). Amendments
noted where applicable.]
Pursuant to the provisions of P.L. 1978, Chapter 184,[1] no payment to a claimant by any insurance company of any
claim in excess of $2,500 may be made for fire damage on any real
property located within the Borough pursuant to any fire insurance
policy issued or renewed after adoption of this chapter and after
the filing of this chapter with the State Commissioner of Insurance,
until such time as all taxes and assessments and all other municipal
liens or charges due and payable appearing on the official certificate
of search shall have been paid either by the owner of such real property
or by the insurance company pursuant to the provisions of Section
3 of P.L. 1978, Chapter 184,[2] or the Borough of Red Bank submits to the insurance company
a copy of a resolution adopted pursuant to Section 4 of P.L. 1978,
Chapter 184.
