New Jersey Statutes
§ 52:27-39 — Reduction in principal of outstanding notes or bonds prohibited
New Jersey § 52:27-39
JurisdictionNew Jersey
Title 52STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
This text of New Jersey § 52:27-39 (Reduction in principal of outstanding notes or bonds prohibited) 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. § 52:27-39 (2026).
Text
Notwithstanding any provisions of this article the commission shall not approve any adjustment or composition, or plan presented pursuant to this article, which provides for the reduction in the principal amount of any outstanding notes or bonds of the municipality.
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Nearby Sections
15
§ 52:27-10
Rules; seal§ 52:27-13.1
Powers and duties of auditor§ 52:27-13.3
Special collectors; appointment§ 52:27-13.4
Application of proceeds of taxes§ 52:27-13.5
Manner of certifying resolution; binding effect§ 52:27-15
Public hearing on resolution§ 52:27-16
Adoption of resolution by municipalityCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 52:27-39, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/52/52%3A27-39.