Upon a report by the Corporation Counsel of the District of Columbia showing in detail the just and true amount and condition of any claim or suit which the District of Columbia may on July 31, 1951, or thereafter have against any person, firm, association, or corporation, and the terms upon which the same may be compromised, and stating that in his opinion a compromise of such claim or suit would be for the best interest of the District of Columbia, the Mayor of the District of Columbia hereby is authorized to compromise such claim or suit accordingly: Provided, that this section shall not apply to claims or suits for taxes or special assessments.