New Jersey Statutes 13:12-17.1. Sale by municipalities of canal property acquired from Morris Canal and Banking Company
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Terms Used In New Jersey Statutes 13:12-17.1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
When any municipality to which canal property has been conveyed pursuant to chapter 229 of the laws of 1924 or chapter 12 of Title 13 of the Revised Statutes, shall hereafter determine that any part or parts thereof are no longer needed for the public use or uses for which such property was purchased, the governing body of such municipality may sell or lease said land in the manner provided by law for the sale or leasing of lands owned by municipalities.
L.1957, c. 185, p. 681, s. 1, eff. Aug. 22, 1957.