54:5-30.1 - Bidding by municipal officers at tax sales - New Jersey Statutes

54:5-30.1.  Bidding by municipal officers at tax sales
    Whenever the governing body of a municipality shall by resolution determine  that a particular parcel or parcels of real estate, scheduled to be sold at  public auction pursuant to the tax sale law, would be useful for a public  purpose, it may authorize and direct a municipal official to attend the auction  and bid for such parcel or parcels at such sale on behalf of the municipality  in the same manner as any other bidder.

     L.1962, c. 161, s. 1, eff. Aug. 24, 1962.