N.J.S.A. 48:9-5 — Exclusive franchises; general laws applicable

48:9-5. Exclusive franchises; general laws applicable No exclusive privilege granted prior to April twenty-first, one thousand eight hundred and seventy-six, in the charter of any company to construct and operate a gas works shall be construed to remain exclusive and no like franchise granted after said date shall be construed to be exclusive unless in such grant it is so expressly provided. All companies organized under this chapter shall be subject to all general laws regulating gas companies and their operations.

This is the verbatim text of N.J.S.A. 48:9-5, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.