New Jersey § 18A:6-49 Perpetual succession;  powers

New Jersey Statutes

§ 18A:6-49 — Perpetual succession; powers

New Jersey § 18A:6-49

Title 18AEDUCATION

This text of New Jersey § 18A:6-49 (Perpetual succession; powers) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 18A:6-49 (2026).

Text

It shall have perpetual succession and shall have the following powers: a. To make, amend and repeal rules, regulations and bylaws for its own government and guidance not inconsistent with this title; b. To adopt an official seal and alter the same at pleasure; c. To maintain an office at such place or places within the state as it may designate; d. To sue and be sued in its own name; e. To borrow money, to issue bonds or notes therefor, and to secure the same by pledge or mortgage of its real and personal property; f. To acquire, hold and dispose of real and personal property in the exercise of its powers and the performance of its duties under this article. All such property shall be exempt from taxation under chapter 4 of Title 54, Taxation, of the Revised Statutes. L.1967, c.271.

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It shall have perpetual succession and shall have the following powers: a. To make, amend and repeal rules, regulations and bylaws for its own government and guidance not inconsistent with this title; b. To adopt an official seal and alter the same at pleasure; c. To maintain an office at such place or places within the state as it may designate; d. To sue and be sued in its own name; e. To borrow money, to issue bonds or notes therefor, and to secure the same by pledge or mortgage of its real and personal property; f. To acquire, hold and dispose of real and personal property in the exercise of its powers and the performance of its duties under this article. All such property shall be exempt from taxation under chapter 4 of Title 54, Taxation, of the Revised Statutes. L.1967, c.271.