2009 New Jersey Code
TITLE 40 - MUNICIPALITIES AND COUNTIES
Section 40:68
40:68-50 - Dissolution of district;  debts and obligations;  property; resolution as evidence

40:68-50.  Dissolution of district;  debts and obligations;  property; resolution as evidence
    The governing body of the township which has created a beach erosion district pursuant to this act by resolution dissolves such district if either (1) such district has no debts or obligations outstanding, or (2) all creditors  or other obligees of the district have consented to said resolution.  In the  event that there are debts wherein the township has passed a resolution  dissolving a beach erosion district, the township is permitted to assume and  pay the debts and obligations of the district.  A copy of said resolution,  certified by the clerk of the township, shall be filed in the office of the  Secretary of State and the office of the Division of Local Government and the  Department of the Treasury.  Upon proof of such filing and upon proof either  that said beach erosion district had no debts or obligations outstanding at the  time of the adoption of such resolution or that all creditors or other obligees  of the beach erosion district have consented to such resolution, the beach  erosion district shall be conclusively deemed to have been lawfully and  properly dissolved. Therefore, all right, title and interest in and to the  property of the beach erosion district shall be vested in the township, except  that any particular property shall vest in any other governmental unit or  person if the terms of any lease or any other agreement of the beach erosion  district with respect thereto shall so provide.  A copy of any such certified resolution, duly certified by or on behalf of the Secretary of State shall be  admissible in evidence and in action or proceeding it shall be conclusive  evidence of due and proper adoption and filing thereof as aforesaid.

     L.1967, c. 184, s. 24, eff. July 27, 1967.