New Jersey § 40:48-2.43 Indebtedness to finance retirement of licenses

New Jersey Statutes

§ 40:48-2.43 — Indebtedness to finance retirement of licenses

New Jersey § 40:48-2.43

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:48-2.43 (Indebtedness to finance retirement of licenses) 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. § 40:48-2.43 (2026).

Text

Any municipality adopting an ordinance pursuant to this act may, by bond ordinance, incur indebtedness, borrow money and authorize and issue its negotiable obligations to finance the acquisition and retirement of licenses. Revenue derived from any additional annual license fee authorized by section 3 of this act shall be applied to the payment and retirement of any indebtedness incurred pursuant to this section. L.1968, c. 277, s. 4, eff. Sept. 4, 1968.

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Any municipality adopting an ordinance pursuant to this act may, by bond ordinance, incur indebtedness, borrow money and authorize and issue its negotiable obligations to finance the acquisition and retirement of licenses. Revenue derived from any additional annual license fee authorized by section 3 of this act shall be applied to the payment and retirement of any indebtedness incurred pursuant to this section. L.1968, c. 277, s. 4, eff. Sept. 4, 1968.