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on, and invest for the benefit of such owner the interest from time to time
in the said stock.
P. L. L. (1860), Art. 4, sec. 878. P. L. L. (1888), Art. 4, sec. 836.
47. When any lot or parcel of ground in the said city shall be sold by
reason of non-payment of the tax or assessment due thereon, the owner
or other persons having an estate or interest therein shall have power to
redeem the same at any time within one year and a day from the day of
sale, on paying or tendering in payment to the City Collector the whole
amount of money received by such City Collector from the sale of the
lot or parcel of ground to be redeemed, and a further sum of one-half per
cent, per month interest from the time of sale to the time of such tender;
and the sums so paid shall be by the City Collector delivered or tendered
to the purchaser, whose right in the property so purchased shall thence-
forth cease and determine.
1900, ch. 663.
47A. In all cases where lands held by lease have been sold for the non-
payment of taxes or assessments due thereon, the owner of the reversionary
interest therein shall have the right at any time within one year and a day
from the day of such sale, on paying or tendering in payment to the col-
lector the whole amount of the money received by such collector from the
sale of the lot or parcel of ground, together with the further sum of one-
half per cent, per month interest from the time of sale to the time of such
tender, to be substituted in the place of said purchaser of said lot or parcel
of ground so sold, and the sum so paid shall be by the collector delivered
or tendered to the purchaser whose rights in the property shall thence-
forth cease and determine.
This section was intended to supplement section 836 of P. L. L. (1888), Art. 4,
now codified as section 47 of the New Charter.
P. L. L. (1888), Art. 4, sec. 837. 1888, ch. 515. 1902, ch. 490.
48. In all cases where lands held in fee simple or by lease have been
sold, or shall be sold for payment of taxes in arrears, according to the
provisions of existing laws, it shall be the duty of the City Collector to
report the said sale, together with all the proceedings had in relation
thereto to the Circuit Court of said city. The Court to which such report
shall be made shall examine the said proceedings, and if the same appear
to be regular, and the provisions of law in relation thereto have been com-
plied with, shall order notice to be given by advertisement published in
such newspapers as the Court shall direct, warning all persons interested
in the property sold to be and appear by a certain day in the said notice
to be named, to show cause, if any they have, why said sale should not be
ratified and confirmed; and if no cause or an insufficient cause be shown
against the said ratification, the said sale shall, by order of said court,
be ratified and confirmed, and the purchaser shall, on payment of the
purchase money, have a good title to the property sold; but if good cause,
in the judgment of said court, be shown in the premises, the said sale shall
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