The Borough Council, as the governing body of the Borough of Madison,
in the County of Morris, does hereby find and determine that:
A. The area within the territorial limits of the borough
has not been excluded from the district of the Morris County Municipal Utilities
Authority pursuant to proceedings had or taken in accordance with the provisions
of Section II of the Municipal Utilities Authority Law (L. 1957 c. 183).
B. It is in the best interests of the borough and the inhabitants
thereof that the borough shall no longer be a part of the district of the
Morris County Municipal Utilities Authority, and the area within the territorial
limits of the borough shall be excluded from said district pursuant to proceedings
had or taken in accordance with provisions of Section 12 of said law.
The Borough of Madison, by its governing body and pursuant to and for
all of the purposes of Section 12 of said law, does hereby request the Morris County Municipal Utilities Authority
and the members or commissioners thereof that the Borough of Madison, in the
County of Morris, shall no longer be a part of the district of the Morris
County Municipal Utilities Authority and that the area within territorial
limits of the borough shall be excluded from said district; and does hereby
further request the Authority to adopt a resolution, in substance approving
and consenting to this chapter, stating either that the Authority has no debts
or obligations outstanding or that all creditors or other obligees of the
Authority have consented to such chapter, and to cause a certified copy of
such resolution to be filed in the office of the Secretary of State of the
State of New Jersey.
The Borough Clerk of the borough is hereby authorized and directed to
forward a certified copy of this chapter to the Morris County Municipal Utilities
Authority and to file a certified copy of this chapter in the office of the
said Secretary of State.
This chapter shall take effect upon the adoption of the resolution of the Morris County Municipal Utilities Authority referred to above in §
48-2 of this chapter, but not sooner than its publication after final passage as provided by law.