The Township Committee of the Township of Alloway, County of
Salem, New Jersey (township) does hereby declare and establish that
a Municipal Sewer Utility (Municipal Utility) of the township shall
hereafter be operated and maintained as a self-liquidating public
utility for all purposes of the Local Bond Law, N.J.S.A. 40A:2-1 et
seq., and Local Budget Law, N.J.S.A. 40A:4-1 et seq., of the State
of New Jersey with respect to the construction of a regional sanitary
sewer collection system to service Alloway Village and the Elementary
School, together with the acquisition of all equipment and materials
and the completion of all work necessary therefor or related thereto,
all as more particularly described in the drawings prepared therefor
on file and available for inspection in the office of the Township
Clerk.
The Municipal Utility is hereby authorized to receive such fees,
rents, rates or other charges for or in connection with the uses or
services of such Municipal Utility, which sums shall be held, used
and applied in accordance with the Local Bond Law, N.J.S.A. 40A:2-1
et seq., and the Local Budget Law, N.J.S.A. 40A:4-1 et seq., of the
State of New Jersey, as well as other applicable statutes.
Management of the Municipal Utility hereinabove established
shall be vested in the Township Committee of the township.