40:14B-13 - Dissolution of authority - New Jersey Statutes

40:14B-13.  Dissolution of authority
    The governing body of any local unit which has created or caused the organization of a municipal authority pursuant to section 4 or section 6 of this act may, in the case of a county by resolution duly adopted or in the case  of a municipality by ordinance duly adopted, dissolve such municipal authority  on the conditions set forth in this section.  The governing bodies of 2 or more  local units which have created a municipal authority pursuant to section 5 of  this act may, by parallel ordinances duly adopted by each of such governing  bodies within any single calendar year, dissolve such municipal authority on  the conditions set forth in this section.  Such a municipal authority may be  dissolved on condition that (1) either the members of such authority have not  been appointed or the municipal authority, by resolution duly adopted, consents  to such dissolution, and (2) the municipal authority has no debts or  obligations outstanding.  Upon the dissolution of any municipal authority in  the manner provided in this section, the governing body or bodies dissolving  such municipal authority shall be deemed never to have created or joined in the  creation of a municipal authority.  A copy of each resolution or ordinance for  the dissolution of a municipal authority adopted pursuant to this section, duly certified by the appropriate officer of the local unit, shall be filed in the  office of the Secretary of State.  Upon proof of such filing of a certified  copy of the resolution or ordinance or of certified copies of the parallel  ordinances for the dissolution of a municipal authority as aforesaid and upon  proof either that such municipal authority had no debts or obligations  outstanding at the time of the adoption of such resolution, ordinance or  ordinances, or that all creditors or other obligees of such municipal authority  have consented to such resolution, ordinance or ordinances the municipal  authority therein referred to shall be conclusively deemed to have been  lawfully and properly dissolved and the property of the municipal authority  shall be vested in the local unit or units.  A copy of any such certified  resolution or ordinance, duly certified by or on behalf of the Secretary of  State, shall be admissible in evidence in any suit, action, or proceeding, and  shall be conclusive evidence of due and proper filing thereof as aforesaid.

     L.1957, c. 183, p. 645, s. 13, eff. Aug. 22, 1957.