[Added 4-14-2003 by Ord. No. 18-03;
amended 2-28-2023 by Ord. No. 2023-06]
The Township Council of the Township of Old
Bridge, County of Middlesex, State of New Jersey ("Township"), does
hereby declare and establish that a golf course utility of the Township
shall hereafter be operated and maintained as a self-liquidating public
utility for all purposes of the Local Bond Law, N.J.S.A. 40A:2-1 et
seq., and Local Budget Law, N.J.S.A. 40A:4-1 et seq., of the State
of New Jersey with respect to the ownership and operation of certain
golf course facilities in the Township ("utility").
The utility is hereby authorized to receive
such fees, rents, rates or other charges for or in connection with
the use or services of such utility, which sums shall be held, used
and applied in accordance with the Local Bond Law, N.J.S.A. 40A:2-1
et seq., and the Local Budget Law, N.J.S.A. 40A:4-1 et seq., of the
State of New Jersey, as well as other applicable statutes.
Management of the utility hereinabove established
shall be vested in the governing body of the Township of Old Bridge
as that term is described at N.J.S.A. 40:69A-32b.
