Pursuant to the provisions of Section 40:55B-3
of the Revised Statutes of the State of New Jersey, a local industrial
commission to be known as "The Industrial Commission of the Borough
of Wanaque" is hereby created and established. Said Commission shall
consist of seven members and shall be a body corporate, having all
the powers and subject to all the limitations set forth in R.S. 40:55B-4
to 10.
The purposes and functions of the Industrial
Commission shall be as follows:
A. To inquire into, survey and publicize the extent,
advantages and utility of the vacant lands of the borough.
B. To classify such vacant lands according to their adaptability
for the various types of industrial enterprises.
C. To study and analyze the various industries of the
nation with a view to ascertaining the opportunities for the industrial
expansion of the borough.
D. To advertise the industrial advantages and opportunities
of the borough and the availability of real estate within the borough
for industrial settlement, and to encourage and accomplish such settlement.
F. To purchase or lease the vacant lands and property
in the borough.
G. To accomplish the sale or lease of the borough's vacant
lands to industries whose settlement thereon is best calculated, in
the judgment of the Commission, to advance the interests of the borough
and of its citizens and inhabitants.
H. To acquire title to vacant land owned by the borough
for the purpose of resale or lease to industries whose presence within
the municipality will benefit the borough, its citizens and inhabitants.
The members of such Commission shall be appointed
by the Mayor for the terms fixed pursuant to R.S. 40:55B-5. One member
shall be appointed for one year, one member shall be appointed for
two years, one member shall be appointed for three years, two members
shall be appointed for four years and two members shall be appointed
for five years. At the expiration of each of the above terms, the
new member or members shall be appointed for a term of five years.
Vacancies accruing for whatever cause shall be promptly filled via
appointment by the Mayor for the unexpired term of such vacancy. Members
shall serve for their respective terms and until their successors
are appointed and qualify. The Mayor shall be ex officio a member
of the Commission in accordance with R.S. 40:55B-5, as amended and
supplemented.
The members and officers of the Commission shall
serve without compensation, but each shall receive his actual disbursements
for his expenses in performing his duties.
The Industrial Commission shall organize and
elect such officers and adopt such rules and regulations as it may
deem necessary for the faithful discharge of its duties and for the
proper exercise of the powers conferred on said Commission, as provided
for in the Revised Statutes of the State of New Jersey, and may appoint
such personnel as it deems necessary and proper and shall fix and
determine the wages and salaries of the personnel in accordance with
Section 40:55B-6 of the Revised Statutes of the State of New Jersey.
The Commission shall make an annual written
report on or before the first day of January of each year and shall
transmit the same to the Mayor and Council of the Borough of Wanaque,
said annual written report to contain an itemized accounting of all
activities, receipts, disbursements and expenditures.
The Mayor and Council may appropriate to the
Commission such sums as may be reasonably necessary to conduct the
normal operations of the Commission, the Commission to be bound, nevertheless,
by the limitations imposed by Section 40:55B-10 of the Revised Statutes
of New Jersey.