54:4-112 - Conditions precedent to compromise settlement - New Jersey Statutes

54:4-112.  Conditions precedent to compromise settlement
    No such compromise settlement or adjustment shall be made unless the governing body shall be satisfied either that the property to be conveyed could  not readily be sold at a price sufficient to pay and satisfy the amount of such  municipal charges or that said municipal charges are illegal in whole or in  part, or unless the proceedings taken to levy or enforce the same are at  variance with the laws of this state in such case made and provided.