New Jersey Statutes

§ 40A:31-5 — Powers.

New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
40A:31-5. One or more local units adopting an ordinance or resolution in accordance with N.J.S.40A:31-4 are authorized and empowered: a. Alone or in combination with a private water company or the State, to acquire, construct, improve, extend, enlarge or reconstruct and finance water supply facilities, and to operate, manage and control all or part of these facilities and all properties relating thereto; b. To issue bonds of the local unit or units to pay all or part of the cost of the water supply facilities; c. To receive and accept from the federal or State government, or any agency or instrumentality thereof, grants or loans for, or in aid of, the planning, purchase, construction, improvement, extension, enlargement or reconstruction, or financing of water supply facilities, and to rec

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