New Jersey § 32:11D-70 Maximum maturity

New Jersey Statutes

§ 32:11D-70 — Maximum maturity

New Jersey § 32:11D-70

Title 32INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS

This text of New Jersey § 32:11D-70 (Maximum maturity) 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. § 32:11D-70 (2026).

Text

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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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.