The municipal sewer system, consisting of main
sewers, sewers, lateral sewers, sewer receptacles, pumping stations
and any and all improvements, erections, works, establishments, sewer
treatment or disposal plants and fixtures to provide proper sewerage
and drainage for the Borough of Sea Bright and controlled and managed
by the Borough, whether owned or controlled by it, is hereby created
and established as a municipal public utility for all of the purposes
of the Local Bond Law of New Jersey and the Local Budget Law of New Jersey. Said municipal public utility is hereby found and determined
to be a utility, enterprise or purpose authorized to be undertaken
by the Borough of Sea Bright and from which it may receive rates,
rentals or other charges for or in connection with or the use of services
of such municipal public utility which shall be held, used and applied
in accordance with the provisions of the Local Bond Law and the Local
Budget Law and any other applicable laws.
All income, costs, expenses and debt service
obligations, including outstanding sewer general obligation debt and
improvement authorizations, shall be and are hereby transferred to
a sewer utility fund.
The Municipal Beach, consisting of the present
Borough beach facilities and parking lot, the newly acquired Peninsula
House property and the state-owned but Borough-operated Anchorage
Beach Club property, is hereby created and established as a municipal
public utility for all of the purposes of the Local Bond Law of New
Jersey. Said municipal public utility is hereby found and determined
to be a utility, enterprise or purpose authorized to be undertaken
by the Borough of Sea Bright and from which it may receive rates,
rentals or other charges for or in connection with or the use of services
of such municipal public utility which shall be held, used and applied
in accordance with the provisions of the Local Bond Law and the Local
Budget Law and any other applicable laws.
All income, costs, expenses and debt service
obligations, including outstanding beach general obligation debt improvement
authorizations, shall be and are hereby transferred to a beach utility
fund.