[1972 Code § 17-1; Ord. No. O-97-42; Ord. No. O-16-48 adopted 8-24-2016, effective date of dissolution 12-31-2016]
a.
Consolidation, Creation of the Municipal Utilities Authority. Pursuant
to N.J.S.A. 40:62-106 the water supply system and the sewer system
of the City of Bayonne were consolidated and operated as one utility
under the Municipal Utilities Authority.
b.
Dissolution of the Municipal Utilities Authority. The governing body
of the City of Bayonne, in the County of Hudson, New Jersey (the "City"),
created The Bayonne Municipal Utilities Authority (the "Authority")
in accordance with the provisions of Chapter 183 of the Laws of 1957
of the State of New Jersey, Chapter 14B of Title 40 of the Revised
Statutes of the State of New Jersey and acts amendatory thereof or
supplemental thereto.
After a careful examination and analysis, the City has determined
that it is in the best interests of the residents of the City and
the users of the system of the Authority to dissolve the Authority,
and for the City to assume the utility services provided by the Authority
and to provide for the financial obligations of the Authority as set
forth herein.
The City desires to dissolve the Authority in accordance with
and in fulfillment of the provisions of N.J.S.A. 40A:5A-20.[1]
