40:62-26 - Municipal radio broadcasting stations; bonds - New Jersey Statutes

40:62-26.  Municipal radio broadcasting stations;  bonds
    The governing body of any municipality may by ordinance provide and maintain  a municipal radio broadcasting station to advertise its advantages, and in  connection therewith, furnish musical, educational and miscellaneous programs,  either by its own agency, or through remote controls installed within the  municipality or elsewhere.  It may contract for the purchase or lease of  equipment necessary for the installation and operation of such station, and may  make contracts and leases with any person or corporation for remote control  service, royalty contracts with publishers and such other contracts as may be  convenient for the most effectual operation of the broadcasting station.  Any  municipality may sell its equipment and apply the proceeds to the purchase of  new equipment, or exchange its equipment for other radio broadcasting  equipment.  The governing body may issue bonds to provide for the cost of such  station, including all necessary equipment, machinery and the installation  thereof, land and buildings to house the same and to provide funds for its maintenance and operation.