40:60-10 - Property of certain societies transferred in trust to municipality;Ā purposes
40:60-10.Ā Property of certain societies transferred in trust to municipality;Ā purposes
Whenever any school society or religious organization of this state owns real or personal property and, owing to the establishment and existence of freeĀ schools and other public institutions, the society or organization finds itĀ impossible or impracticable to continue in existence for the purposes for whichĀ it was created, desires to convey any such property to any municipality for theĀ purpose of establishing free reading rooms, libraries or other institutions forĀ the public benefit, such society or organization may convey the same to theĀ municipality in trust for such purposes.
Ā
Whenever any school society or religious organization of this state owns real or personal property and, owing to the establishment and existence of freeĀ schools and other public institutions, the society or organization finds itĀ impossible or impracticable to continue in existence for the purposes for whichĀ it was created, desires to convey any such property to any municipality for theĀ purpose of establishing free reading rooms, libraries or other institutions forĀ the public benefit, such society or organization may convey the same to theĀ municipality in trust for such purposes.
Ā