§ 274-2. Agreement in lieu of payment of liens.

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In lieu of payment of said taxes, assessments, liens and charges, the governing body of this municipality may enter into an agreement with the owner of any fire-damaged property, whereby said owner shall obligate himself to pay all said delinquent taxes, assessments, liens and charges, when said governing body of the municipality is satisfied that the fire insurance proceeds are to be used to restore or improve the fire-damaged property.

                    
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