The Township Committee of the Township of Quinton, County of
Salem, New Jersey ("Township") does hereby declare and establish that
a Municipal Sewer 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 Quinton 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 ("Municipal Utility").
The Municipal Utility is hereby authorized to receive such fees,
rents, rates or other charges for or in connection with the use 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.