[Adopted 3-25-1997 by Ord. No. 4-1997]
Pursuant to N.J.S.A. 40A:10-6, an Insurance
Fund is hereby established for all purposes permitted by said statute.
Pursuant to N.J.S.A. 40A:10-8 there is hereby
established an Insurance Fund Commission and the Mayor is hereby authorized
and directed to appoint three officials of the local unit to serve
as Insurance Commissioners and a person to serve as secretary to the
Insurance Fund Commission.
[Adopted 2-15-2001 by Ord. No. 3-2001]
There is hereby established an account which
shall be known and designated as the "Open Space Dedicated Trust Fund"
which shall be maintained in accordance with N.J.S.A. 40A:4-1 et seq.
and N.J.S.A. 40A:5-1 et seq.
No property acquired with these funds from the
Open Space Trust Fund shall be leased or sold until the sale or lease
of the same has been authorized by the Township Council subsequent
to approval by referendum or as in the manner prescribed by law.