40:68-3 - Lease of improvements; terms; lessee's bond; use of improvement by others - New Jersey Statutes

40:68-3.  Lease of improvements;  terms;  lessee's bond;  use of improvement  by others
    The governing body may lease for any period not exceeding ten years, under such covenants, terms and conditions as it may prescribe, storage facilities, wharves, piers, bulkheads, docks, slips and basins belonging to the municipality.  All such leases shall be made by public sale and shall be sold to the highest responsible bidder at public sale at such time and place as the governing body may fix.  If no satisfactory bid be made at such sale such lease  or leases may, in the same manner, be again exposed to public sale, or the  governing body may lease the same for one year or less, and for such rent or  rents as it shall deem proper.  The term of any lease sold shall begin within  twelve months from the date of sale and a bond with satisfactory surety  conditioned for the faithful performance of all covenants, terms and conditions  of the lease may be required from the lessee.  At least two weeks' public  notice of the time, place, terms and conditions of the sale of all such leases  shall be given by advertisement in two newspapers circulating in the  municipality, if there be two such newspapers, or if not, then in one such  newspaper, for two successive weeks next preceding the sale, twice in each  week.  The governing body may permit the temporary use for landing purposes, of  any wharf, pier, dock, bulkhead, or basin, or the use thereof by any department  of the municipality, or by the state or the United States, or any department  thereof.