New Jersey § 40:68A-46 Sale of bonds;  interest

New Jersey Statutes

§ 40:68A-46 — Sale of bonds; interest

New Jersey § 40:68A-46

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:68A-46 (Sale of bonds; interest) 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-46 (2026).

Text

Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum. L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.

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Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum. L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.