13:12-2. "Morris canal"Ā  defined
The termĀ  "Morris canal"Ā  as used in this chapter, and hereinafter designated as theĀ  "canal" , means and includes all of the property, lands, rights, easements, privileges and franchises of whatsoever character vested on March eleven, one thousand nine hundred and twenty-two, in the Morris Canal andĀ  Banking Company as well as that which on said date had passed to or had beenĀ  directly or indirectly acquired by the Lehigh Valley Railroad Company, a corporation of the commonwealth of Pennsylvania, as lessee under and by virtue of a certain indenture of lease, dated May fourth, one thousand eight hundred and seventy-one, between the Morris Canal and Banking Company and the Lehigh Valley Railroad Company under and by virtue of the authority of the act entitledĀ  "A further supplement to "An act to incorporate a company to form an artificial navigation between the Passaic and Delaware rivers,' passed DecemberĀ  thirty-one, one thousand eight hundred and twenty-four,"Ā  approved MarchĀ  fourteen, one thousand eight hundred and seventy-one (L.1871, c. 153, p. 444),Ā  including two tracts of land and land under water in Jersey City fronting onĀ  the Hudson river, known as theĀ  "Little basin"Ā  and theĀ  "Big basin" ,Ā  respectively, and including any water rights and rights of diversion vested onĀ  March eleven, one thousand nine hundred and twenty-two, or prior to such date,Ā  vested in the Lehigh Valley Railroad Company or the Morris Canal and BankingĀ  Company, excepting any such rights that may have been acquired by any municipality of this state.
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