Camden Plaza Parking, Inc. v. City of Camden

The basic inquiry here is whether the proposed lease of municipal lands would be ultra vires the municipality and void, and this involves the question of whether it would constitute an exercise of power compre*161hended in R. S. 40:60-42 and R. S. 40:176-12, the latter applicable to second-class cities. The former act empowers all municipalities to lease for “fixed and limited terms” to “any person” any land or building “not presently needed for public use”; and if any portion of a building owned by it is “not presently needed for the use of the municipality,” the local governing body may rent…