New Jersey Acts Saved from Repeal ACTS SAVED 13 § 12-11(1)

1. Wherever the right of way of any railroad company owning or operating a railroad within this state shall adjoin the lands of the Morris Canal and Banking Company, the board of directors of the Morris Canal and Banking Company are hereby vested with the right, power and authority to sell and convey to such railroad company such portion of the lands of the Morris Canal and Banking Company adjoining the present right of way of such railroad company as shall, in the judgment of said board of directors, be reasonably necessary to permit and enable said railroad company to construct, maintain and operate as part of its present railroad, one or more additional main tracks, upon such terms and for such consideration as shall, in the judgment of said board of directors, be deemed reasonable and proper; provided, however, that where such additional track or tracks or the roadbed supporting the same are to be laid or constructed upon lands now occupied by the canal bed, the berme bank or the towpath of the Morris canal, such lands shall not be conveyed nor the construction of such tracks and roadbed authorized or permitted thereon, unless and until the said railroad company shall, by good and sufficient deed, convey to the Morris Canal and Banking Company sufficient lands to permit of any change in the location of said canal bed, berme bank and towpath made necessary by reason of the construction, maintenance and operation of said additional railroad track or tracks, and further, that such railroad company shall, at its own cost and expense, make any and all such necessary changes in the location of said canal bed, berme bank and towpath, to the end that the use of said canal for navigation purposes shall not be impaired, and do and perform all work in connection therewith, to the satisfaction of said board of directors.