N.J. Stat. § 54:6-5
L.1898, c. 193, p. 442 (C.S. pp. 5246 to 5254, s.s. 403 to 418), entitled "An act concerning the settlement and collection of arrearages of unpaid taxes, assessment and water rates or water rents in towns, townships, boroughs and other municipalities except cities of this state, and imposing and levying a tax, assessment and lien in lieu and instead of such arrearages and to enforce the payment thereof, and to provide for the sale of lands subject to future taxation and assessment," approved May eighteenth, one thousand eight hundred and ninety-eight, saved from repeal, together with amendments and supplements approved on the following dates: March 21, 1899 (L.1899, c. 58, p. 164; C.S. p. 5254, s. 419). March 23, 1899 (L.1899, c. 114, p. 253; C.S. p. 5254, s.s. 420, 421). March 23, 1900 (L.1900, c. 146, p. 341; C.S. pp. 5254, 5255, s.s. 422 to 425). March 22, 1901 (L.1901, c. 170, p. 364; C.S. p. 5255, s. 426). March 22, 1901 (L.1901, c. 200, p. 403; C.S. p. 5255, s. 427). March 24, 1902 (L.1902, c. 30, p. 59; C.S. p. 5256, s. 428). April 1, 1902 (L.1902, c. 75, p. 238; C.S. pp. 5256, 5257, s.s. 429 to 432). April 3, 1902 (L.1902, c. 164, p. 555; C.S. p. 5252, s. 411). April 8, 1902 (L.1902, c. 193, p. 626; C.S. p. 5257, s. 433). April 22, 1902 (L.1902, c. 269, p. 792). March 13, 1903 (L.1903, c. 33, p. 55). April 14, 1903 (L.1903, c. 258, p. 692; C.S. p. 5248, s. 405). April 6, 1905 (L.1905, c. 107, p. 211). April 28, 1905 (L.1905, c. 201, p. 369). May 17, 1906 (L.1906, c. 265, p. 548; C.S. p. 5253, s. 416). March 28, 1912 (L.1912, c. 248, p. 447). April 2, 1913 (L.1913, c. 229, p. 417). April 15, 1915 (L.1915, c. 333, p. 607). April 21, 1915 (L.1915, c. 375, p. 697). February 9, 1918 (L.1918, c. 21, p. 87). February 27, 1918 (L.1918, c. 145, p. 336). March 4, 1918 (L.1918, c. 174, p. 506). March 12, 1923 (L.1923, c. 51, p. 112). [This original act, together with its amendments and supplements, related to the settlement and collection of arrearages of unpaid taxes, assessments and water rates or water rents in municipalities of this state, except cities, provided for the appointment of commissioners of adjustment by the circuit court of the county, and contained a complete procedure for ascertaining an amount in lieu of all arrearages and for the collection of such ascertained amount. The act further provided for the sale of lands in satisfaction of the lien thereon for the amount ascertained to be due, for the redemption of lands from such sale, and for other remedies in connection therewith.]
N.J.S. § 54:6-5