40:43-25. Real estate includes sewers; indebtedness for; neither considered in apportionment
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/nj/title-40/chapter-43/40-43-25A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term "real estate" , as used in this article, includes all sewer or other improvements of a public nature so lying entirely within the limits of the newly created municipality; and any indebtedness existing at the time of the creation of said new municipality, incurred for or on account of said sewer, or other improvements of a public nature, shall be and remain the indebtedness of the municipality within whose territory such sewer or other improvement lies, and be its property; and neither said sewer or other public improvement, nor said indebtedness, shall be included or taken into account in making the apportionment and division herein provided for.