A Municipal Sewer Utility is hereby established within the Township of Knowlton, in the County of Warren, for the regulation and operation of the municipal wastewater treatment plant and collection system, to ensure proper operation, protection and preservation of the wastewater treatment plant and collection system in accordance with the service agreement, to fix the amount and charges for the use therefor and to provide rules and regulations therefor. The municipal wastewater treatment plant and collection system, including any appurtenant structures, works, fixtures and equipment relating thereto and all extensions and improvements thereof situate in, constructed or acquired at public expense by the Township of Knowlton (the system), shall hereafter be operated, under the direction and control of the Mayor and Committee of the Township of Knowlton as a publicly owned municipal sewer utility and shall, for accounting purposes, be a separate entity having its own borrowing capacity, its own separate accounts and its own separate property, whether real, personal or mixed, within the meaning of N.J.S.A. 40A:4-33 and 40A:26A-1 et seq., amendments thereof and supplements thereto, and all other provisions of other applicable laws.
The Municipal Sewer Utility for the Township of Knowlton shall be known as the "Township of Knowlton Municipal Sewer Utility" (TOKMSU).
The Township of Knowlton Municipal Sewer Utility shall have the following powers and authority:
A. 
To acquire, construct, improve, extend, enlarge or reconstruct and finance sewerage facilities in the Township and beyond its borders and to operate, manage and control all or part of these facilities and all properties relating thereto.
B. 
To issue bonds to pay all or part of the cost of the purchase, construction, improvements, extension, enlargement or reconstruction of the system.
C. 
To receive and accept from the federal or state government, or any agency or instrumentality thereof, grants or loans for, or in aid of, the planning, purchase, construction, improvement, extension, enlargement or reconstruction, or financing of sewerage facilities, and to receive and accept from any source, contributions of money, property, labor or other things of value to be held, used and applied only for the purposes for which the grants or loans and contributions are made.
D. 
To acquire in its name by gift, purchase or by the exercise of the right of eminent domain lands and rights and interests therein located within and outside of the Township, including lands under water and riparian rights, and personal property as may be deemed necessary for acquisition, construction, improvement, extension, enlargement or reconstruction or for the efficient operation of any facilities acquired or constructed and to hold and dispose of all real and personal property so acquired.
E. 
To make and enter into all contracts and agreements necessary or incidental to the performance of its duties and the execution of powers authorized by law, and to employ engineers, superintendents, managers, attorneys, financial or other consultants or experts and other employees and agents as may be deemed necessary and to fix their compensation.
F. 
Subject to the provisions and restrictions set forth in the ordinance authorizing or securing any bonds issued, to enter into contracts with the federal or state government, or any agency or instrumentality thereof, or with any other local unit, private corporation, copartnership, association or individual providing for, or relating to, sewerage services, which contracts may provide for the furnishing of wastewater facility services either by or to the local unit or units or the joint construction or operation of sewerage facilities.
G. 
To fix and collect rates, fees, rents and other charges in accordance with law.
H. 
To prevent toxic pollutants from entering the system.
I. 
To exercise any other powers necessary or incidental to the effectuation of the general purpose for which it was created.
A. 
The Township of Knowlton Municipal Sewer Utility shall be operated under the direction and control of the Mayor and Committee of the Township of Knowlton which shall establish all policies for the operation thereof. The Township Mayor shall be the chief executive and administrative officer thereof and shall manage and oversee all of its administrative and operating affairs.
B. 
The Mayor and Committee shall appoint from time to time such employees and other personnel as the Mayor shall deem necessary for the proper administration of the business of said Sewer Utility in accordance with the budget adopted by the Mayor and Committee.
C. 
The salary of all of the employees of the TOKMSU shall be in such amount as shall be fixed by a Salary Ordinance as amended from time to time.