The municipal sewer system consisting of main
sewers, sewers, lateral sewers, sewage treatment or disposal plants,
sewage receptacles, pumping stations and any and all improvements,
erections, works, establishments and fixtures to provide proper sewerage
and drainage for the Township of Union and controlled and managed
by said Township, whether owned or controlled by it, is hereby created
and established as a municipal public utility for all of the purposes
of the Local Bond Law of New Jersey and the Local Budget Law of New
Jersey. Said municipal public utility is hereby found and determined
to be a utility, enterprise or purpose authorized to be undertaken
by the Township and from which it may receive rates, rentals or other
charges for or in connection with or the use of services of such municipal
public utility which shall be held, used and applied in accordance
with the provisions of the Local Bond Law and the Local Budget Law
and any other applicable laws.