Pursuant to N.J.S.A. 40:14B-5, there is hereby
established a joint municipal water authority to be known as the "Jersey
Shore Water Authority" ("Authority"), consisting of one member from
the Township of Wall; one member from the Borough of Brielle; one
member from the Borough of Spring Lake; one member from the Borough
of Spring Lake Heights; and one member from the Borough of Sea Girt.
The Authority shall possess such powers as authorized
by law and approved by the Local Finance Board.
Upon creation of the Authority in accordance
with applicable law, the governing body shall appoint by resolution
one individual to serve as a member of the Authority.
The Authority shall be governed by the bylaws
established by the Authority.