There is hereby created a board which shall be an administrative agency of the City, which shall be known as Princeton Memorial Company, a corporation, which is a non-profit, charitable corporation heretofore organized under the laws of this State, which agency is hereinafter sometimes called the “Board” and said Board is hereby granted the complete authority to control, acquire, improve, extend, equip, have the custody of, operate and maintain a life care facility to be maintained within and to be owned by said City of Princeton in order to provide for the health, welfare and well- being of all person as may be in need of life care, whether such persons be indigent or otherwise; and for the purpose of the dissemination of knowledge relating thereto, and for the purpose of establishing and maintaining therewith all necessary incidental facilities as may promote the objectives and purposes of such agency.
(Passed 11-9-09.)