New Jersey § 40:60-25.12 Intent of act;  validity of bonds and notes

New Jersey Statutes

§ 40:60-25.12 — Intent of act; validity of bonds and notes

New Jersey § 40:60-25.12

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:60-25.12 (Intent of act; validity of bonds and notes) 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. § 40:60-25.12 (2026).

Text

It is the intent of this act that the power to issue bonds and notes under this act and the validity of the bonds and notes so issued shall not be dependent in any manner on the power to acquire property or to settle, adjust and discharge encumbrances or claims thereon, under this act, or be affected by the validity or regularity of the proceedings therefor, or the authorization thereof, for the financing of which such bonds or notes are issued or are to be issued. L.1944, c. 206, p. 731, s. 6, eff. April 21, 1944.

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It is the intent of this act that the power to issue bonds and notes under this act and the validity of the bonds and notes so issued shall not be dependent in any manner on the power to acquire property or to settle, adjust and discharge encumbrances or claims thereon, under this act, or be affected by the validity or regularity of the proceedings therefor, or the authorization thereof, for the financing of which such bonds or notes are issued or are to be issued. L.1944, c. 206, p. 731, s. 6, eff. April 21, 1944.