Establishment. It is hereby established, under the terms of this
Part 6, a public utility for the purpose of operating, maintaining
and preserving the water facilities owned and operated by the Township
of Mount Olive, as well as any additional systems that may be acquired
or constructed.
Official name. The name by which the utility shall be known is the
"Township of Mount Olive Water Utility," hereafter referred to as
the "Water Utility."
Functions. The function of the Water Utility shall be to operate the existing 10 water systems owned, operated and maintained by the Township, together with any additional systems or extensions of the existing systems that may be acquired or constructed, all in accordance with Chapter 318 of the Mount Olive Township Code entitled "Sewers and Water."
Financial affairs. For purposes of financial operations and more
specifically for purposes of accounting for the revenues and expenditures
of the Water Utility, said financial operation shall be specifically
in accordance with N.J.S.A. 40A:4-33, N.J.S.A. 40A:4-34 and N.J.S.A.
40A:4-35.
[Added 9-14-1999 by Ord. No. 34-99]
All revenues received by the Township of Mount Olive from the
rental of antenna space on water towers shall be assigned to and allocated
to the Water Utility.
It is hereby established, under the terms of this Part 6, a public
utility for the purpose of operating, maintaining and preserving the
sanitary sewer facilities owned and operated by the Township of Mount
Olive, as well as any additional systems that may be acquired or constructed.
Official name. The name by which the utility shall be known is the
"Township of Mount Olive Sewer Utility," hereafter referred to as
the "Sewer Utility."
Functions. The function of the Sewer Utility shall be to operate the two existing sanitary sewer facilities owned, operated and maintained by the Township, together with any additional systems or extensions of the existing systems that may be acquired or constructed, all in accordance with Chapter 318 of the Mount Olive Township Code entitled "Sewers and Water".
Financial affairs. For purposes of financial operations and more
specifically for purposes of accounting for the revenues and expenditures
of the Sewer Utility, said financial operation shall be specifically
in accordance with N.J.S.A. 40A:4-33, N.J.S.A. 40A:4-34 and N.J.S.A.
40A:4-35.