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Session Laws, 1941
Volume 582, Page 933   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 933

of the assignee. The Collector shall execute and deliver to
the person redeeming the property a certificate of redemp-
tion which may be recorded among the Land Records of
Baltimore City in accordance with all provisions of law
relating to the recording of short releases of mortgages.

Section 61 A. Amount Required for Redemption. The
person redeeming shall pay to the Collector the whole
amount of money received by such Collector from the sale
of the property, together with interest at the rate of six
per cent per annum from the date of sale to the date of
the payment of the redemption money. In addition to the
above there shall be added to the amount required for
redemption any taxes or other municipal liens, together
with interest and penalties thereon accruing subsequent
to the date of sale, which have been actually paid by the
holder of the certificate of sale or his predecessor thereof
and the total disbursements of the holder of the certificate
of sale or his predecessor thereof, made in accordance with
the provisions of this Act.

Section 61B. Redemption After Action to Foreclose is
Instituted. If the property is redeemed after an action
to foreclose the right of redemption is instituted, the per-
son redeeming shall apply to the Court before which such
action is pending to fix the amount necessary for redemp-
tion in accordance with the provisions of this Act. The
Collector shall accept no money for redemption as afore-
said unless and until a certified copy of the order of court
fixing the amount necessary for such redemption shall be
filed with the Collector.

Section 61C. Rights1 of Owners of Property and of Pur-
chasers During Redemption Period. Appointment of Re-
ceiver of Property. The owner of any property sold under
the provisions of this Act shall have the right, during the
period of redemption, to continue in possession of the
same, and to exercise all rights of ownership over the same
until the right of redemption has been finally foreclosed
under the provisions of this Act, provided that any holder
of any certificate of sale may apply to a court of equity
in the City of Baltimore for the appointment of a receiver
of the property covered by the said certificate, in accord-
ance with the usual provisions of the equity courts relat-
ing to receivers. If any certificate of sale is held by the
Mayor and City Council of Baltimore, the City Comptrol-
ler of the City of Baltimore may make application by peti-
tion, to an equity court in the City of Baltimore for the
appointment of a receiver of the property covered by such

 

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Session Laws, 1941
Volume 582, Page 933   View pdf image (33K)   << PREVIOUS  NEXT >>


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