New Jersey § 40:54-19.3 Investment of funds;  regulation of bonds or securities

New Jersey Statutes

§ 40:54-19.3 — Investment of funds; regulation of bonds or securities

New Jersey § 40:54-19.3

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:54-19.3 (Investment of funds; regulation of bonds or securities) 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. § 40:54-19.3 (2026).

Text

The board of trustees of the free public library may invest its funds in any interest-bearing obligations of the United States of America, or in interest-bearing bonds of the State of New Jersey, or any county or municipality of said state, or in any other securities authorized for investments by trustees under and in accordance with the provisions of article 2 of chapter 15 of Title 3A of the New Jersey Statutes, but the authorization to invest funds in any such obligations or bonds or securities shall be by resolution adopted by a majority vote of all the members of the board of trustees at any regular or special meeting of the board. All such obligations or bonds or securities shall be registered in the official name of the board of trustees. As used in this section invest means the buy

Free access — add to your briefcase to read the full text and ask questions with AI

The board of trustees of the free public library may invest its funds in any interest-bearing obligations of the United States of America, or in interest-bearing bonds of the State of New Jersey, or any county or municipality of said state, or in any other securities authorized for investments by trustees under and in accordance with the provisions of article 2 of chapter 15 of Title 3A of the New Jersey Statutes, but the authorization to invest funds in any such obligations or bonds or securities shall be by resolution adopted by a majority vote of all the members of the board of trustees at any regular or special meeting of the board. All such obligations or bonds or securities shall be registered in the official name of the board of trustees. As used in this section invest means the buying and selling of authorized obligations, bonds and securities. L.1942, c. 139, p. 430, s. 3. Amended by L.1968, c. 217, s. 1, eff. July 24, 1968; L.1973, c. 344, s. 1, eff. Dec. 27, 1973.