New Jersey Statutes 40:78-4. Village collector to succeed township collector
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Terms Used In New Jersey Statutes 40:78-4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- collector: when used in relation to the collection of taxes or water rents or other public assessments, includes all officers charged with the duty of collecting such taxes, water rents or assessments, unless a particular officer is specified. See New Jersey Statutes 1:1-2
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
The governing body of the village may appoint a collector for the village who shall have all the powers, duties, privileges and liabilities by law conferred upon or required of the township collector. The township collector shall, immediately on the appointment of the village collector, deliver to the village collector all books, papers, vouchers, moneys and assets of the township and of the village in his hands as collector.