40:9-2.2 - Lease or sale of space and facilities for conduct of carrier's business; contracts for conduct of other commercial activities - New Jersey Statutes

40:9-2.2.  Lease or sale of space and facilities for conduct of carrier's business;  contracts for conduct of other commercial activities
    Any county or municipality acquiring a public passenger or freight rail line  may lease or sell all or portions of space or facilities to any common carrier  or carriers for the conduct of their business in the sale of tickets, provision  of baggage and express service and other matters relating to the conduct of the  carriers' business in serving the traveling public or in providing for the  transportation of freight.  The county or municipality may also by appropriate  lease or contract provide for the conduct of other commercial activities for  the use and convenience of the traveling public and the transportation of  freight.  The county or municipality may lease or sell passenger or freight  rail line to any person willing and able to maintain and operate the passenger  or freight rail line on such terms and conditions as it deems desirable.  Any  lease entered into pursuant to this section may be entered into for a period of  time not exceeding the period that any bonds of the county or municipality  issued for the purpose of financing the line are outstanding.  As used in this section,  "person"  includes any person, association, partnership, corporation,  nation, state or agency or subdivision thereof, or other entity, real or  artificial, public or private.

     L.1964, c. 209, s. 2, eff. Oct. 20, 1964.  Amended by L.1982, c. 15, s. 3, eff. March 29, 1982.