Pursuant to the provisions of the Municipal Utilities Authorities Law (P.L. 1957, c. 183) of the State of New Jersey, particularly Section 6 thereof,[1] the Monroe Township Sewerage Authority is hereby reorganized as a municipal authority and as a public body corporate and politic under the name and style of the "'Monroe Municipal Utilities Authority." The Monroe Municipal Utilities Authority shall have all of the rights and powers granted by said law and shall be subject to all of the duties and obligations imposed by said law and subject to the rights, if any, of the holders of any bonds or other obligations of the Monroe Township Sewerage Authority heretofore issued and shall be the successor in all respects to said Sewerage Authority and forthwith succeed to all rights, property, assets and franchises of said Sewerage Authority. The said bonds or other obligations, if any, of said Sewerage Authority shall be assumed by and become the obligations of the Monroe Municipal Utilities Authority, and the property of said Sewerage Authority shall be vested in said Monroe Municipal Utilities Authority.
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Editor's Note: See N.J.S.A. 40:14B-6.