New Jersey Statutes 40:61-36. Leasing of parks, etc. authorized; period of leases
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Terms Used In New Jersey Statutes 40:61-36
- 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
The governing body of every municipality bordering on the Atlantic ocean may lease, rent or hire, the whole or any part of any public parks, recreation grounds or places of public resort, owned by it and not presently needed by the municipality for municipal purposes, or any building or portion thereof located therein for any period not exceeding 10 years.
Amended by L.1959, c. 6, p. 47, s. 1, eff. Feb. 11, 1959.