There is hereby created and established in and for the Borough
of Penns Grove, Salem County, New Jersey, a public body corporate
and politic under the name and style of the "Penns Grove Sewerage
Authority" pursuant to the provisions of the Sewerage Authorities
Law of the State of New Jersey, being N.J.S.A. 40:14A-1 et seq.
The Penns Grove Sewerage Authority, hereby created, shall have
and exercise all of the powers and rights and perform all of the duties
of a sewerage authority as defined in said Sewerage Authorities Law
and in any and all statutes heretofore or hereafter enacted supplementing,
amending or revising said Sewerage Authorities Law.
A copy of this chapter, duly certified by the Borough Clerk,
shall be filed by said Borough Clerk in the office of the Secretary
of State of the State of New Jersey forthwith upon final passage hereof.
The Borough of Penns Grove in the County of Salem, New Jersey,
does hereby determine that it will be economical and otherwise advantageous
to it, to the Penns Grove Sewerage Authority and to the residents
and property owners of the Borough for the Borough and said Authority
to enter into a contract providing for and relating to the treatment
and disposal of sewage and other wastes originating in the Borough
by means of a sanitary sewerage system acquired or constructed by
said Authority and the cost and expense of such treatment and disposal;
which contract, among other things, shall obligate said Authority
to continue with the operation and development of said sewerage system
and obligate the Borough to pay to said Authority such sum or sums
of money as may be necessary to provide for deficits which might result
if said Authority failed to receive the revenues expected to be derived
from the operation of its properties, all substantially on the terms
of the contract authorized by this chapter.
The Borough of Penns Grove in the County of Salem, New Jersey,
shall enter into a contract with the Penns Grove Sewerage Authority
providing for and relating to the treatment and disposal of sewage
and other wastes and the cost and expense of such treatment and disposal,
and the Mayor shall be and he hereby is authorized and directed on
behalf of the Borough to execute said contract under the corporate
Seal of the Borough, which shall be affixed and attested by the Borough
Clerk, and to deliver the same.