reglab/housing_qa huggingface dataset:
NJ Rev Stat § 40:68A-51 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-51 - Personal liability on bonds; not debt or liability of state, county or municipality

40:68A-51. Personal liability on bonds; not debt or liability of state, county or municipality  Neither the members of the municipal port authority nor any person executing bonds issued pursuant to this act shall be liable personally on the bonds by reason of the issuance thereof. Bonds or other obligations issued pursuant to this act shall not be in any way a debt or liability of the State, and bonds or other obligations issued by a municipal port authority pursuant to this act shall not be in any way a debt or liability of the State or of any county or municipality and shall not create or constitute any indebtedness, liability or obligation of the State or of any county or municipality, except a municipality which in accordance with section 15 of P.L.1960, c. 192 (C. 40:68A-43) shall have guaranteed payment of principal and interest on the bonds or other obligations. Nothing in this act contained shall be construed to authorize any municipal port authority to incur any indebtedness on behalf of or in any way to obligate the State or any county. L.1960, c. 192, p. 824, s. 23, eff. Feb. 15, 1961. Amended by L.1981, c. 547, s. 2.
NJ Rev Stat § 40:68A-52 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-52 - Negotiability of bonds

40:68A-52. Negotiability of bonds  Any provision of any law to the contrary notwithstanding, any bond or other obligation issued pursuant to this act shall be fully negotiable within the meaning and for all purposes of the negotiable instruments law of the State, and each holder or owner of such a bond or other obligation, or of any coupon appurtenant thereto, by accepting such bond or coupon shall be conclusively deemed to have agreed that such bond, obligation or coupon is and shall be fully negotiable within the meaning and for all purposes of said negotiable instruments law. L.1960, c. 192, p. 825, s. 24, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-53 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-53 - Real property; acquisition; condemnation

40:68A-53. Real property; acquisition; condemnation  Every municipal port authority is hereby empowered, in its own name but for the local unit, to acquire by purchase, gift, grant or devise and to take for public use real property within the port district, which may be deemed by the municipal port authority to be necessary for its purposes, including public lands and property (hereinafter in this section called "public lands" ) in which any county, municipality or political subdivision of the State, or public body or agency of such political subdivision has any right, title or interest and to the acquisition of which it shall have consented. Whenever any municipal port authority has determined that it is necessary to take any such real property for port purposes by the exercise of the power of condemnation, as hereinafter provided, it shall prepare 2 copies of diagrams, maps or plans designating the general area in the local unit in which real property is to be acquired and file 1 copy thereof in its office and the other copy thereof in the office of the clerk of the local unit. Such municipal port authority is hereby empowered to acquire and take such real property by condemnation, in the manner provided by chapter 1 of Title 20, Eminent Domain, of the Revised Statutes (R.S. 20:1-1 et seq.) and, to that end, may invoke and exercise in the manner or mode of procedure prescribed in said chapter, either in its own name or in the name of the local unit, all of the powers of such local unit to acquire or take property for public use; provided, however, that, notwithstanding the foregoing or any other provision of this act, no municipal port authority shall institute any proceeding to acquire or take, by condemnation, any real property within the designated area in the local unit referred to above in this section until after the date of filing in the office of the clerk of the local unit of a certified copy of a (a) resolution of the municipal port authority stating the finding of the municipal port authority that it is necessary or convenient to acquire real property in said designated area for port purposes, and (b) resolution of the governing body of the local unit expressing its consent to the acquisition of real property in said designated area. L.1960, c. 192, p. 825, s. 25, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-54 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-54 - Construction or operation of port system; additional powers; relocation of facilities

40:68A-54. Construction or operation of port system; additional powers; relocation of facilities  In addition to other powers conferred by this act or by any other law, and not in limitation thereof, every municipal port authority, in connection with construction or operation of any part of a port system, shall have power to make reasonable regulations for the installation, construction, maintenance, repair, renewal, relocation and removal of tracks, pipes, mains, conduits, cables, wires, towers, poles or any other equipment and appliances (herein called "facilities" ) of any public utility as defined in section 48:2-13 of the Revised Statutes, in, on, along, over or under any real property of the municipal port authority. Whenever in connection with construction or operation of any part of a port system, any municipal port authority shall determine that it is necessary that any such facilities, which now are, or hereafter may be, located in, on, along, over or under any such real property, should be relocated in such real property, or should be removed therefrom, the public utility owning or operating such facilities shall relocate or remove the same in accordance with the order of the municipal port authority, provided, however, that the cost and expenses of such relocation or removal, including the cost of installing such facilities in a new location, or new locations, and the cost of any lands or any rights or interest in lands, or any other rights acquired to accomplish such relocation or removal, less the cost of any lands or any rights or interests in lands or any other rights of the public utility paid to the public utility in connection with the relocation or removal of such property, shall be paid by the municipal port authority and may be included in the cost of such port system. In case of any such relocation or removal of facilities, as aforesaid, the public utility owning or operating the same, its successors or assigns, may maintain and operate such facilities, with the necessary appurtenances, in the new location or new locations for as long a period, and upon the same terms and conditions, as it had the right to maintain and operate such facilities in their former location. L.1960, c. 192, p. 826, s. 26, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-55 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-55 - Aid and co-operation of local units

40:68A-55. Aid and co-operation of local units  For the purpose of aiding and co-operating in the planning, undertaking, acquisition, construction or operation of any project of a municipal port authority, the local unit may: (a) acquire real property in its name for any project or for the widening of existing roads, streets, parkways, avenues or highways or for new roads, streets, parkways, avenues, or highways to any such project, or partly for such purposes and partly for other municipal purposes, by purchase or condemnation in the manner provided by law for the acquisition of real property by such municipality; (b) furnish, dedicate, close, vacate, pave, install, grade, regrade, plan or replan streets, roads, roadways, alleys, sidewalks or other places which it is otherwise empowered to undertake; and (c) do any and all things necessary or convenient to aid and co-operate in the planning, undertaking, construction or operation of any such project, and cause services to be furnished to the municipal port authority of the character which such municipality is otherwise empowered to furnish, and to incur the entire expense thereof. L.1960, c. 192, p. 827, s. 27, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-56 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-56 - Sale, lease, loan, grant or conveyance to municipal port authority

40:68A-56. Sale, lease, loan, grant or conveyance to municipal port authority  Any municipality, by ordinance of its governing body, or any other person is hereby empowered, without any referendum or public or competitive bidding to sell, lease, lend, grant or convey to a municipal port authority, or to permit a municipal port authority to use, maintain or operate as part of the port system, any real or personal property owned by it which may be necessary or useful and convenient for the purposes of the municipal port authority and accepted by the municipal port authority. Any such sale, lease, loan, grant, conveyance or permit may be made with or without consideration and for a specified or an unlimited period of time and under any agreement and on any terms and conditions which may be approved by such municipality or other person and which may be agreed to by the municipal port authority in conformity with its contracts with the holders of any bonds. Subject to any such contracts with holders of bonds, the municipal port authority may enter into and perform any and all agreements with respect to property so accepted by it, including agreements for the assumption of principal or interest or both of indebtedness of such municipality or other person or of any mortgage or lien existing with respect to such property or for the operation and maintenance of such property as part of the port system. L.1960, c. 192, p. 828, s. 28, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-57 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-57 - Appropriation of money by local unit

40:68A-57. Appropriation of money by local unit  The local unit shall have power from time to time, pursuant to ordinance of its governing body, and for such period and upon such terms, with or without consideration, as may be provided in such ordinance and accepted by the municipal port authority to appropriate money for all or any part of the cost of acquisition or construction of any project of the municipal port authority. L.1960, c. 192, p. 828, s. 29, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-58 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-58 - Contracts for use or lease of port system

40:68A-58. Contracts for use or lease of port system  Any municipal port authority and any person, may enter into a contract or contracts provided for or relating to the use or lease of all or any part of the port system of the municipal port authority and the cost and expense of such use. Any such contract may provide for the payment to the municipal port authority annually or otherwise of such sum or sums of money for such use, computed at fixed amounts or by a formula or in any other manner. Any such contract may be made with or without consideration and for a specified or an unlimited time and on any terms and conditions which may be approved and agreed to by the municipal port authority in conformity with its contracts with the holders of any bonds. Subject to any such contracts with the holders of bonds, the municipal port authority is hereby authorized to do and perform any and all acts or things necessary, convenient or desirable to carry out and perform every such contract. L.1960, c. 192, p. 829, s. 30, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-59 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-59 - Mortgage, pledge or disposal of port system; exceptions

40:68A-59. Mortgage, pledge or disposal of port system; exceptions  Except as otherwise expressly hereinabove provided with respect to the right of the municipal port authority to grant by franchise, lease or otherwise the use of any project owned or controlled by it, the municipal port authority shall not mortgage, pledge, encumber or otherwise dispose of any part of the port system, except that the municipal port authority may dispose of such part or parts thereof as may be no longer necessary for the purposes of the municipal port authority. The provisions of this section shall be deemed to constitute a part of the contract with the holder of any bonds. L.1960, c. 192, p. 829, s. 31, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-60 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-60 - Exemption from execution

40:68A-60. Exemption from execution  All property of a municipal port authority shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same nor shall any judgment against a municipal port authority be a charge or lien upon its property provided, that nothing herein contained shall apply to or limit the rights of the holder of any bonds to pursue any remedy for the enforcement of any pledge or lien given by a municipal port authority on its system revenues or other moneys. L.1960, c. 192, p. 829, s. 32, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-61 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-61 - Payments in lieu of taxes

40:68A-61. Payments in lieu of taxes  Every municipal port authority and every municipality in which any property of the municipal port authority is located are hereby authorized and empowered to enter into agreements with respect to the payment by the municipal port authority to such municipality of annual sums of money in lieu of taxes on such property in amount not less than the amount of taxes last paid on such property prior to its acquisition by the municipal port authority, or such other agreed amount computed on the basis of the assessed value of real property without improvements, and each such municipal port authority is empowered to make such payments and each such municipality is empowered to accept such payments and to apply them in the manner in which taxes may be applied in such municipality. L.1960, c. 192, p. 830, s. 33, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-62 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-62 - Bonds as legal investments

40:68A-62. Bonds as legal investments  Notwithstanding any restriction contained in any other law, the State and all public officers, municipalities, counties, political subdivisions and public bodies, and agencies thereof, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds issued pursuant to this act, and such bonds shall be authorized security for any and all public deposits. L.1960, c. 192, p. 830, s. 34, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-63 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-63 - Tax exemptions

40:68A-63. Tax exemptions  Every port system and all other properties of a municipal port authority are hereby declared to be public property of a political subdivision of the State and devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the State or any subdivision thereof. All bonds issued pursuant to this act are hereby declared to be issued by a political subdivision of this State and for an essential public and governmental purpose and to be a public instrumentality and such bonds, and the interest thereon and the income therefrom, and all facility charges, funds, revenues and other moneys pledged or available to pay or secure the payment of such bonds, or interest thereon, shall at all times be exempt from taxation except for transfer, inheritance and estate taxes and taxes on transfers by or in contemplation of death. L.1960, c. 192, p. 830, s. 35, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-64 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-64 - Pledge of state to bondholders

40:68A-64. Pledge of state to bondholders  The State of New Jersey does hereby pledge to and covenant and agree with the holders of any bonds issued pursuant to a bond resolution of a municipal port authority adopted pursuant to this act that the State will not limit or alter the rights hereby vested in the municipal port authority to acquire, construct, maintain, reconstruct and operate its port system, or to fix, establish, charge and collect its facility charges and to fulfill the terms of any agreement made with the holders of such bonds or other obligations, so as to in any way impair the rights or remedies of such holders, and will not modify in any way the exemptions from taxation provided for in this act, until the bonds, together with interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. L.1960, c. 192, p. 831, s. 36, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-65 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-65 - Banks authorized to give undertaking; deposits

40:68A-65. Banks authorized to give undertaking; deposits  All banks, bankers, trust companies, savings banks, investment companies and other persons carrying on a banking business are hereby authorized to give to any municipal port authority a good and sufficient undertaking with such sureties as shall be approved by the municipal port authority to the effect that such bank or banking institution as hereinbefore described shall faithfully keep and pay over to the order of or upon the warrant of the municipal port authority or its authorized agent all such funds as may be deposited with it by the municipal port authority and agreed interest thereon, at such times or upon such demands as may be agreed with the municipal port authority or in lieu of such sureties, deposit with the municipal port authority or its authorized agent or any trustee therefor or for the holders of any bonds, as collateral, such securities as the municipal port authority may approve. The deposits of the municipal port authority may be evidenced by a depository collateral agreement in such form and upon such terms and conditions as may be agreed upon by the municipal port authority and such bank or banking institution. L.1960, c. 192, p. 831, s. 37, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-66 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-66 - Annual audit

40:68A-66. Annual audit  Each municipal port authority shall cause an annual audit of its accounts to be made, and for this purpose it shall employ a registered municipal accountant of New Jersey or a certified public accountant of New Jersey. The audit shall be completed and filed with the municipal port authority within 4 months after the close of the fiscal year of the municipal port authority and a certified duplicate copy thereof shall be filed in the office of the Division of Local Government in the Department of the Treasury and in the office of the chief financial officer of the local unit within 5 days after the original report is filed with the municipal port authority. L.1960, c. 192, p. 832, s. 38, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-67 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-67 - Filing certified copies of bond resolutions and annual budgets

40:68A-67. Filing certified copies of bond resolutions and annual budgets  Each municipal port authority shall file a certified copy of each bond resolution adopted by it in the office of the Division of Local Government in the Department of the Treasury, together with a certified summary of the dates, amounts, maturities and interest rates of all bonds to be issued pursuant thereto prior to the issuance of any such bonds. Upon the adoption of each annual budget of a municipal port authority or amendment thereof, a certified copy thereof shall be filed forthwith in the office of said Division of Local Government. L.1960, c. 192, p. 832, s. 39, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-68 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-68 - Liberal construction

40:68A-68. Liberal construction  This act shall be construed liberally to effectuate the legislative intent and as complete and independent authority for the performance of each and every act and thing herein authorized, and a municipal port authority shall not be subject to, or constitute a municipality or agency or component of a municipality subject to, the provisions of chapter 50 or any other provisions of Title 40 of the Revised Statutes, or be subject to regulation as to its facility charges by any officer, board, agency, commission or other office of the State. L.1960, c. 192, p. 832, s. 40, eff. Feb. 15, 1961.
NJ Rev Stat § 40:68A-69 (2021)
2021 New Jersey Revised Statutes|Title 40 - Municipalities and Counties|Section 40:68A-69 - Partial invalidity

40:68A-69. Partial invalidity  If any section, subsection, clause or provision of this act shall be adjudged unconstitutional or to be ineffective in whole or in part, to the extent that it is not adjudged unconstitutional or is not ineffective, it shall be valid and effective and no other section, subsection, clause or provision of this act shall on account thereof be deemed invalid or ineffective, and the inapplicability or invalidity of any section, subsection, clause or provision of this act in any 1 or more instances or under any 1 or more circumstances shall not be taken to affect or prejudice in any way its applicability or validity in any other instance or under any other circumstance. L.1960, c. 192, p. 833, s. 41, eff. Feb. 15, 1961.