New Jersey Statutes
§ 32:11D-70 — Maximum maturity
New Jersey·Title 32 INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
No bond by its terms shall mature in more than 50 years from its own date and in the event any authorized issue is divided into 2 or more series or divisions, the maximum maturity date hereby authorized shall be calculated from the date on the face of each bond separately, irrespective of the fact that different dates may be prescribed for the bonds of each separate series or division of any authorized issue. L.1961, c. 13, p. 71, s. 12.7.
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Nearby Sections
15
§ 32:11D-1
Short title§ 32:11D-10
Compensation§ 32:11D-100
Condemnation proceedings§ 32:11D-102
Rights of way§ 32:11D-103
Penal sanction§ 32:11D-104
Tort liability§ 32:11D-105
Effect on riparian rights§ 32:11D-106
Amendments and supplements§ 32:11D-107
Construction and severability§ 32:11D-108
Effective date; execution§ 32:11D-109
Repealer§ 32:11D-11
Voting power§ 32:11D-110
Effectuation by chief executive