New Jersey Statutes

§ 40:14B-20 — Powers.

New Jersey·Title 40 MUNICIPALITIES AND COUNTIES

20. Every municipal authority shall be a public body politic and corporate constituting a political subdivision of the State established as an instrumentality exercising public and essential governmental functions to provide for the public health and welfare and shall have perpetual succession and have the following powers:

(1)To adopt and have a common seal and to alter the same at pleasure;
(2)To sue and be sued;
(3)In the name of the municipal authority and on its behalf, to acquire, hold, use and dispose of its service charges and other revenues and other moneys;
(4)In the name of the municipal authority but for the local unit or units, to acquire, rent, hold, lease as lessor, use and dispose of other personal property for the purposes of the municipal authority;
(5)In the name of

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