54:4-117 - When settlement prohibited

54:4-117.  When settlement prohibited
    This method of adjustment and settlement of past-due taxes, assessments and  other municipal charges, shall not be undertaken wherein there has been, prior  to May twenty-ninth, one thousand nine hundred and thirty-seven, a tax sale or  lien for taxes created to any purchaser, except said municipality, and wherein  such purchaser holds a valid tax sales certificate covering the land.