40:62-116 - Joint ownership - New Jersey Statutes

40:62-116.  Joint ownership
    The waterworks acquired by the commission appointed in pursuance of section  40:62-109 of this title, whether by a single purchaser or two or more purchasers or by one, or more than one, condemnation proceeding, shall be the property of the municipalities making the application or applications for the appointment of such commission, excepting any municipality or municipalities which may have withdrawn as hereinbefore provided, and authorizing the issuance  of bonds, and the municipalities joining therein, as if they constituted a  single municipality.