The Township Committee of the Township of Chesterfield,
County of Burlington, 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:40-1 et seq., of the State
of New Jersey with respect to the construction of a regional sanitary
sewer collection system to transmit waste to the Wagner Correctional
Facility Treatment Plant and a wastewater pumping station for the
Village of Crosswicks, Meadowbrook Drive, Barbara Drive, Poplar Drive,
a portion of Bordentown-Crosswicks Road, Fenton Lane and to serve
the receiving area, all as more particularly described in the drawing
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
of Chesterfield.