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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 43: Every municipality a body corporate
Section: 40:43-25: Real estate includes sewers; indebtedness for; neither considered in apportionment
The term "real estate" , as used in this article, includes all sewer or other improvements of a public nature so lying entirely within the limits of the newly created municipality; and any indebtedness existing at the time of the creation of said new municipality, incurred for or on account of said sewer, or other improvements of a public nature, shall be and remain the indebtedness of the municipality within whose territory such sewer or other improvement lies, and be its property; and neither said sewer or other public improvement, nor said indebtedness, shall be included or taken into account in making the apportionment and division herein provided for.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40:43-25 (if available):
Court decisions that cite this statute:
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