Pursuant to the provisions of N.J.S.A. 55:14A-1 et seq., and because of the need for more adequate housing specifically
found therefor, there shall be the Housing Authority of the Township
of Old Bridge, subject to all the rights, powers and duties vested
in and conferred upon it by the terms and provisions of the aforesaid
state statutes.
Pursuant to the provisions of N.J.S.A. 40:55C-1 et seq., and the Federal Housing Act, authorizing public agencies to redevelop blighted areas,
and because of the need specifically found therefor, the Housing Authority
of the Township of Old Bridge be and the same is hereby designated,
constituted, authorized and empowered to act as the Old Bridge Redevelopment
Agency for the purpose of redeveloping and rehabilitating blighted
areas in the Township of Old Bridge.