There is hereby created under the terms of this chapter a sewer utility
within the Borough of Gibbsboro, in the County of Camden and State of New
Jersey, which utility shall be publicly owned and shall, for accounting purposes,
be a separate entity having its own borrowing capacity, its own separate accounts
and its own separate property, whether it be real, personal or mixed. The
name by which it shall be known shall be the "Borough of Gibbsboro Sewer Utility."
It shall be the function of the Sewer Utility to own and operate all
sewer facilities, plants, lines and equipment pertaining to the handling of
sewage and the treatment of sewage in the Borough of Gibbsboro.
The financial affairs of the Sewer Utility shall be governed by the
Borough Council of the Borough of Gibbsboro. The Sewer Utility shall be, from
time to time, authorized to borrow money in accordance with N.J.S.A. 40A:2-1
et seq. and Borough ordinances adopted according to law.
The Sewer Utility may, from time to time, acquire such real and personal
property as may be authorized by the Borough Council of the Borough of Gibbsboro
by duly adopted ordinances according to the laws of the State of New Jersey.
The Borough Council of the Borough of Gibbsboro shall have full authority
to appoint and employ all necessary employees for the Sewer Utility; however,
the salary of said employees or appointments of the Sewer Utility shall be
paid from separate funds of said Utility.
The Sewer Utility shall at all times function and operate according
to the laws of the Borough of Gibbsboro, in the County of Camden and State
of New Jersey, and any and all directives of the New Jersey State Department
of Health or any of the state governmental departments.
The Sewer Utility shall, from time to time, when necessary, be permitted
to receive moneys from the Borough of Gibbsboro from bonds or bond notes.
The Sewer Utility shall have the authority to collect moneys by levying
a sewer rental charge against the property owners of the Borough of Gibbsboro
for the annual sewer service to said property owners, and said moneys shall
be used by the Sewer Utility to defray the costs of construction and operation
of the sewer plant and all of its integral parts, including lines and equipment.