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Code · New Jersey · Title 55 — Fiduciaries and Trusts · Chapter 14H

55:14H-5. Powers and duties of council

132 words·~1 min read·/nj/title-55/chapter-14h/55-14h-5·

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The Council shall have power to make, amend, modify and repeal, such reasonable rules and regulations as it may deem necessary:
(a)to adequately effectuate the provisions of this act;
(b)for the exercise by the Authority of the functions, powers and duties conferred upon the Authority hereunder; and
(c)to safeguard in the public interest the fund or funds heretofore or hereafter appropriated for the purposes herein. Such rules and regulations shall govern the exercise by the Authority of any and all functions, powers and duties vested in or conferred upon it by this act.
The functions, powers and duties conferred upon the Authority by this act shall, subject to the rules and regulations of the Council, be exercised and performed by the Administrator.
L.1949, c. 303, p. 933, s. 5.
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