It is hereby determined that the public health,
safety and welfare of the Borough of Lavallette can be best assured
by the operation of a water supply facility by the Borough of Lavallette.
The system for water treatment and supply owned and operated by the
Borough of Lavallette shall be operated as a municipal water utility
for all the purposes of the Local Bond Law, Local Budget Law, Local
Fiscal Affairs Law and all other applicable statutes of the State
of New Jersey.
The Borough Council is empowered to establish
rates, charges, rentals, fees, rules and regulations for the operation
of the municipal water utility as may be deemed necessary and shall
have complete control and jurisdiction over the municipal water utility
created by this chapter.
