New Jersey § 40:68A-16 Personal liability on bonds;  not debt or liability of state or  local unit

New Jersey Statutes

§ 40:68A-16 — Personal liability on bonds; not debt or liability of state or local unit

New Jersey § 40:68A-16

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:68A-16 (Personal liability on bonds; not debt or liability of state or local unit) 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. § 40:68A-16 (2026).

Text

Neither the members of the port authority nor any person executing bonds issued pursuant to this act shall be liable personally on the bonds by reason of the issuance thereof. Bonds or other obligations issued pursuant to this act shall not be in any way a debt or liability of the State, and bonds or other obligations issued by a port authority pursuant to this act shall not be in any way a debt or liability of the State or of any local unit or municipality. L.1948, c. 349, p. 1396, s. 16, eff. Sept. 1, 1948.

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Neither the members of the port authority nor any person executing bonds issued pursuant to this act shall be liable personally on the bonds by reason of the issuance thereof. Bonds or other obligations issued pursuant to this act shall not be in any way a debt or liability of the State, and bonds or other obligations issued by a port authority pursuant to this act shall not be in any way a debt or liability of the State or of any local unit or municipality. L.1948, c. 349, p. 1396, s. 16, eff. Sept. 1, 1948.