[Adopted 7-6-1949 by L.L. No. 2-1949]
All penalties and interest on any unpaid City and school taxes and assessments levied subsequent to April 1, 1941, on real property by the City of Rensselaer, and for the collection of which no sale of the property shall have been made, may be canceled, revoked or reduced, provided that such unpaid City and school taxes and/or assessments are paid within a period of one year from the date of such reduction, cancellation or revocation upon resolution heretofore or hereafter duly adopted by the Common Council of the City of Rensselaer.
In the event that any real property shall have been sold at tax sale for taxes and/or assessment levied subsequent to April 1, 1941, and bid in by the City of Rensselaer, redemption of any piece of such property may be permitted without penalties or interest by payment of all the unpaid taxes and assessments levied on such property prior or subsequent to April 1, 1941, upon resolution heretofore or hereafter adopted by the Common Council of the City of Rensselaer.
The provisions hereof do not modify, abridge, supersede or in any manner affect the provisions of the City Charter, being Chapter 69 of the Laws of 1915 or Chapter 220 of the Laws of 1944, as last amended, but are intended to be in addition thereto and supplemental thereof.