[Adopted 2-3-1961 by Ord. No. 51]
All tangible household personal property and
personal effects located within the Borough of Folsom shall not be
assessed and taxed.
This article shall apply to taxes on tangible
household personal property and personal effects due and payable in
the year 1962, and thereafter so long as this article shall be in
effect, and shall not affect the obligation, lien or duty to pay any
taxes, interest or penalties which have accrued or may accrue by virtue
of any assessment made or which may be made with respect to taxes
levied for any year prior to the year to the year 1962, nor shall
this article affect the legal authority to assess and collect taxes
which may be or have been due and payable prior to January 1, 1962,
together with such interest and penalties as would have accrued thereon
under any provisions of law amended or repealed hereby; nor shall
this article invalidate any assessments or affect any proceedings
for the enforcement thereof pending upon the effective date of this
article or upon January 1, 1962, or during the period between said
dates.
A certified copy of this article shall be filed
with the Division of Taxation in the Department of the Treasury of
the State of New Jersey, and with the county.