New Jersey Acts Saved from Repeal ACTS SAVED 40 § 160-2(6)

1. Whenever any village has been or shall become separate from the township in which it was or is contained and given complete autonomy of local government, it shall be lawful, for the purpose of apportioning the assets between said village and township, for either municipality to sell and convey to the other all its rights, title and interest in any real estate acquired and held for public use by the said municipalities; and it shall also be lawful for the governing bodies of the said village and township respectively to sell at public or private sale any real estate acquired and held for public use by the said municipalities, and to make a lawful conveyance thereof to the purchaser or purchasers; and the said governing bodies of the said village and township are authorized to make such sale in such manner and upon such terms as shall be determined by them.