48:6-14 - Powers in general - New Jersey Statutes

48:6-14.  Powers in general
    Every canal company organized under this Title shall have power:

    I.  To enter upon all lands or waters to explore, survey and locate the route of the proposed canal, doing no unnecessary injury to private or other property, and subject to responsibility for all damages which shall be done thereto;

    II.  To purchase, hold and use all such real estate and other property as may be necessary in the construction, operation and maintenance of the canal, necessary for the full and free enjoyment of the canal;

    III.  Upon depositing in the office of the Secretary of State a survey of the route of the proposed canal, to construct, maintain and operate a canal between the points named in the certificate of incorporation;

    IV.  To use and let others use the canal and to charge tolls;

     V.  To demand and receive such sums of money for the transportation of persons and property and for any other services in connection therewith, in accordance with its filed tariff as approved by the Board of Public Utility Commissioners;

    VI.  To have constructed or to purchase all boats, machinery and other property necessary for the carrying on of its business;  and

    VII.  To do any other act necessary for the full and free use and enjoyment  by any canal company of the franchises hereby granted.

     Amended by L.1962, c. 198, s. 91.