13:8-26 - Lakes or ponds used for water power excepted - New Jersey Statutes

13:8-26.  Lakes or ponds used for water power excepted
    Nothing in sections 13:8-23 to 13:8-25 of this title shall warrant the owner  of a pond or lake used solely or chiefly as a source of water power for a mill  or factory in active operation to apply for exemption of taxes.