40:61-23 - Sale or lease of park lands to adjoining municipalities; joint ownership - New Jersey Statutes

40:61-23.  Sale or lease of park lands to adjoining municipalities; joint ownership
    Any municipality owning park lands adjoining park lands of another municipality, may convey to such other municipality any or all of its lands so adjoining, for such consideration and upon such terms, conditions and covenants  as shall be mutually agreed upon and expressed in the conveyance, or may lease  such adjoining lands to the other municipality for such period and upon such  terms, conditions, covenants and rental as may be mutually agreed upon.  Any  lands so conveyed or leased shall be used only for park and recreation  purposes.

    Any such two or more municipalities may convey one to the other, any undivided right, title or interest in such several park lands of each so that all of such adjoining park lands shall be owned jointly by the municipalities party to such conveyance.