[Adopted 12-22-1982 by Ord.
No. 82-41]
The Township Committee of the Township of Pennsauken does hereby declare
and establish that the municipal golf course of the Township of Pennsauken,
commonly known as "Pennsauken Country Club," 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 (40A:4-1 et seq.)
of the State of New Jersey. The said golf course enterprise, together with
all real property inventory, accounts receivable, contracts or other personalty,
shall hereafter be the property of the said utility.
Said 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
public utility, which sums shall be held, used and applied in accordance with
the Local Bond Law and the Local Budget Law of the State of New Jersey, as
well as other applicable statutes.
Management of the utility hereinabove established shall be vested in
the Township Committee of the Township of Pennsauken and shall be comprised
effectively of those members of the Township Committee (governing body). There
is hereby delegated to the Township Committee the power to establish reasonable
rules and regulations governing the utility and its operations.