New Jersey § 48:12-79

§ 48:12-79.

The proper municipal authorities in any municipality may enter into such contracts

with any railroad company whose road lies wholly or partially within the municipality

or whose route has been located therein as will secure greater safety to persons or

property therein, or will facilitate the construction or maintenance of other than

grade crossings of streets, highways or other railroads, or will provide for increased

or improved station or terminal facilities and transportation service, or will improve

the surroundings of or make more convenient the access to a station of the railroad

within the municipality. For such purposes the municipal authorities may construct sidewalks on, pave, repave,

curb, gutter, lay out, open, vacate or alter the lines or change the grade of any

street, highway, square or other public areas or places, and may lay out, improve

and maintain public parks, plazas or other public places as a part of such improvements. The railroad company may locate, relocate, change, alter grades of, depress or elevate

any of its railroad tracks, bridges or facilities, and construct new or additional

tracks and transportation or station facilities as shall be specified and provided

for in the contract. For the purposes of this section the municipality and the railroad company may take

by purchase or condemnation any lands or any interest therein required for such improvements

and make such changes or conveyances of their respective lands or any interest therein

as will facilitate such work. The cost and expenses of such lands, changes and improvements shall be borne by the

municipality and the railroad company in such shares or proportions as may be provided

in the contract.