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TP. OF MARLBORO v. VILLAGE WATER CO.

72 N.J. 99 (1976)

367 A.2d 1153

TOWNSHIP OF MARLBORO, PLAINTIFF-APPELLANT, v. VILLAGE WATER CO., A NEW JERSEY CORPORATION; PINE BROOK SEWER CO., A NEW JERSEY CORPORATION; CENTRAL JERSEY SEWERAGE CO., A NEW JERSEY CORPORATION; CENTRAL JERSEY WATER CO., A NEW JERSEY CORPORATION; AND U.S. HOME AND DEVELOPMENT CORP., A CORPORATION OF THE STATE OF DELAWARE, DEFENDANTS-RESPONDENTS, AND VILLAGE SEWERAGE CO., A NEW JERSEY CORPORATION; AND BIG BROOK, INC., A NEW JERSEY CORPORATION, DEFENDANTS.

The Supreme Court of New Jersey.

Decided December 9, 1976.

Attorney(s) appearing for the Case

Mr. Roger K. Bentley argued the cause for appellant (Mr. J. William Boyle, attorney).

Mr. Philip H. Shore argued the cause for respondent Village Water Co. (Messrs. Golden, Shore and Paley, attorneys).

Mr. Stewart M. Hutt argued the cause for respondent Central Jersey Sewerage Co., et al. (Messrs. Hutt, Berkow and Hollander, attorneys).

Mr. David L. Bruck appeared on behalf of respondent Pine Brook Sewer Co. (Messrs. Greenbaum, Greenbaum, Rowe and Smith, attorneys).

The opinion of the court was delivered by SCHREIBER, J.

This action involves the validity of two written options which had been assigned to the plaintiff, Township of Marlboro, to purchase the physical assets of the defendants, four water and sewerage companies whose facilities were used to serve parts of the township. The water and sewerage companies, Village Water Co. (VWC), Pine Brook Sewer Co. (Pine Brook), Central Jersey Sewerage Co. (CJS) and Central Jersey...

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