New Jersey Statutes 20:3-47. Improvement with payment for property taken by assessments against improvement; election to proceed under separate statute
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Terms Used In New Jersey Statutes 20:3-47
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- municipal corporation: include cities, towns, townships, villages and boroughs, and any municipality governed by a board of commissioners or an improvement commission. See New Jersey Statutes 1:1-2
- Statute: A law passed by a legislature.
Where land or other property is taken or to be taken by a municipal corporation or other public body for public improvement and payment of the compensation for the land or other property and damages is authorized by statute to be set off against or made wholly or partially in benefits to be assessed for the same improvement, the municipal corporation or other body may elect to proceed under such statute and on such election the proceeding shall not be governed by this chapter, except as provided by such statute.
L.1971, c. 361, s. 47.