New Jersey Statutes 34:1B-146. Definitions relative to unification of ports
Terms Used In New Jersey Statutes 34:1B-146
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
- Personal property: includes goods and chattels, rights and credits, moneys and effects, evidences of debt, choses in action and all written instruments by which any right to, interest in, or lien or encumbrance upon, property or any debt or financial obligation is created, acknowledged, evidenced, transferred, discharged or defeated, in whole or in part, and everything except real property as herein defined which may be the subject of ownership. See New Jersey Statutes 1:1-2
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
- Trustee: A person or institution holding and administering property in trust.
“Authority” or “New Jersey Economic Development Authority” means the New Jersey Economic Development Authority created pursuant to section 4 of P.L.1974, c.80 (C. 34:1B-4) or a subsidiary corporation of the authority created pursuant to section 16 of this act.
“Compact creating the Delaware River Port Authority” or “Compact” means the compact or agreement between the State of New Jersey and the Commonwealth of Pennsylvania entitled “Agreement between the Commonwealth of Pennsylvania and the State of New Jersey creating the Delaware River Joint Commission as a body corporate and politic and defining its powers and duties,” as amended and supplemented (R.S.32:3-1 et seq.).
“Marine facilities” means port facilities to be used for piers, wharves, docks, bulkheads, slips, basins, vehicular roadways, railroad connections, side tracks, sidings, warehousing, storage or other buildings and structures, facilities or improvements, or other real property, necessary, convenient or accessory to the support, operation, maintenance or accommodation of steamships or other vessels and their cargoes or passengers, as shall be determined by the authority on or before the entering into of the initial agreement provided for in subsection b. of section 4 of this act with respect to the lease, management, or other operation of all or a portion of the port facilities, and upon subsequent changes in use or control of the marine facilities.
“Port facility” means a marine terminal or part thereof or any port property or facility. In the case of the port facilities of the South Jersey Port Corporation, the term “port facility” shall include the foregoing and any other real or personal property under the jurisdiction, ownership or control of that corporation and transferred to or acquired by the authority pursuant to this act.
“Port Facility Revenue Fund” means the fund created by section 6 of this act.
“Redevelopment facilities” means port facilities excluding the marine facilities and any personal property.
“Salem facility rights” means (1) property owned by the South Jersey Port Corporation and leased to Salem Terminals, Limited Liability Company, an Ohio limited liability company; (2) property owned by the South Jersey Port Corporation and leased to the Mid-Atlantic Shipping and Stevedoring, Inc.; and (3) all rights under the foreign trade zone approved by the United States Department of Commerce-Foreign Trade Zone Board by Order Number 358 establishing Foreign Trade Zone 142; provided, however, that the property described in paragraphs (1) and (2) of this definition shall not be deemed to be Salem facility rights at the time such property is no longer subject to the leases described in this definition.
“South Jersey Port Corporation” means the South Jersey Port Corporation created pursuant to P.L.1968, c.60 (C. 12:11A-1 et seq.).
“State contract” means the contract or agreement entered into by the State Treasurer and the authority concerning the payment of the bonds issued pursuant to this act.
“Subsidiary” means a subsidiary corporation of the New Jersey Economic Development Authority created pursuant to section 16 of this act.
“Subsidiary corporation” means a subsidiary corporation which has been established by the Delaware River Port Authority pursuant to subdivision (m) of Article I of the compact creating the Delaware River Port Authority (R.S.32:3-2).
“Transfer date” means the date on which all bonds issued by the South Jersey Port Corporation cease to be outstanding within the meaning of the resolutions pursuant to which those bonds were issued, as certified by the trustee or trustees thereunder.
L.1997,c.150,s.3.