Pursuant to the provisions of Chapter
306 of New Jersey Sessions Laws of 1949, N.J.S.A. 40:55C-1 et seq., which authorizes the creation of a regional development agency, this borough and the other municipalities passing similar ordinances do agree that there shall be created and they do hereby create a public body corporate and politic to be known as the "Meadowlands Regional Development Agency."
The Meadowlands Regional Development Agency herein created shall constitute
an instrumentality of this municipality and of any other municipality creating
by a similar ordinance the Meadowlands Regional Development Agency.
The Clerk be and she hereby is authorized and directed to file a certified
copy of this chapter with the Commissioner of Conservation and Economic Development
of the State of New Jersey.