40:60-16 - Ordinance for construction; contributions to be paid before contract executed - New Jersey Statutes

40:60-16.  Ordinance for construction;  contributions to be paid before contract executed
    When the governing body shall determine by ordinance to erect any such public memorial building, provision therein shall be made for the acceptance by  the municipality of gifts of real or personal property from any person for such  purpose.  The ordinance shall provide for the acquisition of a suitable site  for the memorial, to be acquired in whole or in part, as may be necessary, by  purchase, condemnation or gift, and shall appropriate such sum of money as may  be necessary to accomplish the purpose, over and above the amount or portion  raised or to be raised by gift or subscription.  Such ordinance shall also  indicate therein the proportion the sum appropriated is to bear to the whole  cost, including the furnishing and equipment thereof. The construction of the  memorial shall not be begun nor finally contracted for, as hereinafter  provided, until the full amount to be raised by gift or contribution has been  received by the municipality.