13:12-15 - Sale of canal property in counties to such counties for road purposes - New Jersey Statutes

13:12-15.  Sale of canal property in counties to such counties for road purposes
    The canal and banking company is hereby authorized and directed to sell any  and all of the property the title to which is vested in the company in trust  for the state of New Jersey, other than the rights and property to be retained  for public use as provided by section 13:12-4 of this title. Wherever such  property shall consist of lands so located as to be capable of use in the  widening of any county road, the canal and banking company is authorized to  transfer to the county wherein such section of the canal is located such  section thereof, upon the adoption by the board of chosen freeholders of such  county of a resolution indicating the desire of such county to acquire such  section for the purposes of a county road, within the period provided by  section 13:12-16 of this title for the adoption of a similar resolution by  municipalities or agencies;  such transfer to be made upon such terms and for  such consideration as shall be fixed after negotiation as provided by said  section 13:12-16 in the case of municipalities and agencies and subject to the  same right of review.