New Jersey § 40:68-44 Issuance of notes, bonds or other evidence of indebtedness according to Local Bond Law;  purchase of bonds by municipality

New Jersey Statutes

§ 40:68-44 — Issuance of notes, bonds or other evidence of indebtedness according to Local Bond Law; purchase of bonds by municipality

New Jersey § 40:68-44

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:68-44 (Issuance of notes, bonds or other evidence of indebtedness according to Local Bond Law; purchase of bonds by municipality) 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. § 40:68-44 (2026).

Text

Notes, bonds or other evidence of indebtedness issued by a district shall be issued under and in accordance with the Local Bond Law, chapter 2 of Title 40A of the New Jersey Statutes (R.S. 40A et seq.) except that any bonds sold by such district may be issued for a period of up to but not exceeding 20 years. The municipality wherein the district is situate is authorized to purchase at private sale the bonds of any district at no interest or at such interest rate as may be agreed upon by the commissioners of the district and the governing body of the municipality. L.1967, c. 184, s. 18, eff. July 27, 1967.

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Notes, bonds or other evidence of indebtedness issued by a district shall be issued under and in accordance with the Local Bond Law, chapter 2 of Title 40A of the New Jersey Statutes (R.S. 40A et seq.) except that any bonds sold by such district may be issued for a period of up to but not exceeding 20 years. The municipality wherein the district is situate is authorized to purchase at private sale the bonds of any district at no interest or at such interest rate as may be agreed upon by the commissioners of the district and the governing body of the municipality. L.1967, c. 184, s. 18, eff. July 27, 1967.