N.J. Stat. § 4:15-2: Authority to hold fairs and exhibitions

An association may:

a. Hold fairs and exhibitions of agricultural, horticultural, mechanical and manufacturing productions, collections and discoveries of works of art, of live stock and animals, and for the encouragement of competition in the breeding of stock and the development of speed and other qualities in animals;

b. Provide and maintain grounds, buildings, road tracks, walks and other improvements necessary or desirable for the proper display of exhibits;

c. Encourage competition by the offer and payment of premiums and awards for stock and articles of a superior kind, class or quality; and

d. Ask and receive reasonable fees for the admittance of exhibitors and visitors.