New Jersey Statutes
§ 40A:4-75 — Liability on notes
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
The power and obligation of a local unit to pay any note or obligation issued pursuant to this chapter shall be unlimited and the local unit shall have power and be obligated to levy ad valorem taxes upon all the taxable property within the local unit for the payment of such notes or obligations and interest thereon, without limitation of rate or amount. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
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Nearby Sections
15
§ 40A:4-1
Short title§ 40A:4-10
Adoption of budget; public inspection.§ 40A:4-11
Budget to be transmitted to county board§ 40A:4-14
School items; separate certification§ 40A:4-15
Late approval of budget§ 40A:4-18
Table of aggregates for late budgets§ 40A:4-19
Temporary appropriations§ 40A:4-2
Definitions§ 40A:4-20
Emergency temporary appropriations