Pursuant to the provisions of N.J.S.A. 40:55B-3 et seq. (L. 1936, c.
154) an Industrial Commission to be known as the "Industrial Commission of
the Township of Franklin" be and the same is hereby created.
Such Commission shall be a body corporate and shall consist of seven
members to be appointed by the Mayor.
To effectuate its purposes, the Industrial Commission shall have the
following general powers:
B. To adopt and use an official seal.
C. To adopt suitable bylaws for the management of its affairs.
D. To determine the qualifications and duties of its employees,
and to fix, subject to the foregoing provisions and the provisions of statute,
their compensation.
The Industrial Commission shall constitute the corporated instrumentality
of the municipality for the following purposes:
A. To inquire into, survey and publicize the extent, advantages
and utility of the vacant lands of the municipality, whether municipally owned
or otherwise.
B. To classify such vacant lands according to their adaptability
for the settlement thereon of various types of industrial enterprises.
C. To study and analyze the various industries of the nation
and, to the extent it deems necessary for its purpose, the industries of other
nations with a view to ascertaining the opportunities for the industrial expansion
of the municipality. In this connection the reports, records, statistics,
compenda and similar bodies interested in the compilation of the information
relating to industry shall be resorted to wherever possible, in order to avoid
unnecessary original research and gathering of source material.
D. To advertise the industrial advantages and opportunities
of its municipality and the availability of real estate within the municipality
for industrial settlement and to encourage and accomplish such industrial
settlement within the municipality.
E. To solicit the several industries to purchase or lease
the vacant land and property of or in the municipality.
F. To accomplish the sale or lease of the municipality's
vacant lands to industries whose settlement thereon is best calculated, in
the judgment of the Commission, to advance the interest of the municipality
and of its citizens and inhabitants.
G. To acquire title to vacant land owned by the municipality,
for the purpose of resale or lease to industries whose presence within the
municipality will benefit, in the judgment of the Commission, its citizens
and inhabitants.
The Industrial Commission shall make a study of the tax structure with
a view to reducing the tax burden of the municipality.