4492

MUNICIPAL CHARTERS

from the day of sale, at the rate of fifteen percent, and
such payment, or the tender thereof, shall render the
sale null and void, and such payment shall be an absolute
bar to the ratification of the sale; upon payment as
aforesaid, the purchaser, or his executors,
administrators or assigns, shall execute a deed or
release, which shall be recorded as a deed of real
estate.]

(h) Corporate personal property tax discount
interest. Upon receipt of the certification of
assessment of personal property belonging to
corporations, the Clerk—Treasurer and Collector OF
CAMBRIDGE shall prepare a tax bill for said corporation
and promptly forward same by prepaid mail. Every
corporation who shall pay its taxes within 30 days after
the date of nailing the tax bill shall be allowed a
discount of three per cent thereon and this discount
shall be allowed to the Clerk—Treasurer and Collector in
his settlement with The Commissioners of Cambridge. In
the event said taxes are not paid within six months from
the date of mailing said tax bill, interest at the rate
of six per cent shall be charged from the date of mailing
said tax bill to the date of payment and the amount of
said interest shall be added to and made part of said
tax.

[(i) Ratification of tax sale. Twelve months after
the date of sale, or as soon thereafter as may be
reasonably convenient, the clerk, treasurer and collector
and the purchaser shall report the sale to the Circuit
Court for said county, sitting in equity, and in said
report the names of all persons interested in the
property shall be mentioned, and they shall be made
parties, as would be done in the case of a creditor's
bill. Persons holding judgment, mortgage or other liens
on the real or leasehold property sold, shall be entitled
to be made parties thereto, and notice shall be given to
them by subpoenas or order of publication, as in other
equity cases, and the case shall in due time be heard,
unless the taxes, interest, costs and expenses of the
entire case are paid within a time named by the court,
the sale shall be confirmed and shall pass absolute title
in fee to the purchaser, his heirs or assigns, provided,
the balance of the purchase money shall be paid into
court within ten days after the time allowed to the
persons interested in the property to pay the taxes,
interest, costs and expenses have expired. As soon as
the balance of the purchase money is paid into court, the
court shall order the cleric, treasurer and collector to
convey the property in fee simple to the purchaser, his
heirs or assigns, absolutely, and all right, title and
interest of all the parties shall pass to the grantee in
said deed. No sale shall be set aside, unless the taxes