Section 58:5-21 - Conveyance of distribution or water plant to municipality

NJ Rev Stat § 58:5-21 (2019) (N/A)
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58:5-21. Conveyance of distribution or water plant to municipality

If the commission acquires any part or all of any distribution or water plant, it may convey the same to the municipality in which the same is situated or to whose use it is devoted, at the cost thereof as nearly as may be and upon such equitable terms as the commission may fix.