New Jersey Acts Saved from Repeal ACTS SAVED 40 § 103-5(101)

31. The board of water commissioners shall have use of real property needed for water reserve and water supply purposes. No real property or interest therein shall be leased, sold or disposed of or easement given or contract thereafter authorized for purposes other than the operation of the waterworks or water supply system unless the board of water commissioners shall determine that the sale, lease, easement or disposition can be made without impairing the operation and function, present or anticipated of the water supply and water reserve system for the people of the city. No such lease, sale, disposition or easement or contract therefor shall be authorized by the city council unless and until notice 30 days in advance thereof has been filed in writing with the secretary of the board to afford opportunity by the board to make any appropriate determination and advise the city council thereof. Real property or interests therein acquired as part of the water supply or water reserve system shall be held in the name of the city and such acquisition shall be made upon recommendation of the board of water commissioners and adoption of an ordinance concurring therein by the city council.