New Jersey Statutes 40:60-25.53. Historic sites; acquisition and maintenance
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Terms Used In New Jersey Statutes 40:60-25.53
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Any municipality may acquire by gift, purchase or condemnation, and maintain and improve any real estate or any interest therein, together with any and all buildings thereon, located within the municipality, as a historic site or for historical purposes, or for the purpose of preserving therein or thereon historical data or objects of historic interest.
L.1966, c. 240, s. 1, eff. Aug. 10, 1966.