17:19-9 - Application for approval of project; proceedings thereon - New Jersey Statutes

17:19-9.  Application for approval of project;  proceedings thereon
    The insurance company, prior to the acquisition of the real estate or within  one year after its acquisition, or within such further period as may be  permitted and prescribed in writing by the commissioner, shall present to the  governing body of the city wherein the real estate is located an application  for approval of a project for the improvement of the real estate which has been  acquired, for the acquisition of real estate for such purposes and for the  construction thereon of new housing facilities in accordance with proper  standards of sanitation and safety, at the expense of the company. The  application, which may be amended or supplemented, as provided in section 17:19-2 of this title, shall set forth a statement of the project presented for  approval and shall have annexed thereto the exhibits stated in said section  17:19-2.

    The governing body shall thereupon proceed in the manner provided in section  17:19-3 of this title.