New Jersey Statutes
§ App.A:4-24 — Irregularities not to affect bonds; pledge of municipality's credit
6.The powers granted by this act shall not be affected by the invalidity or any irregularity in any proceedings for incurring the indebtedness or issuing the bonds, notes, or other obligations to be paid, funded or refunded by bonds issued under this act. The full faith and credit of a municipality shall be deemed to be pledged for the payment of the principal of and interest on any bonds issued by it under this act, as fully as though a statement to that effect were indorsed thereon. (L.1934, c. 60, s. 6, p. 169.)
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Nearby Sections
15
§ App.A:4-10
Local approval of reclamation project§ App.A:4-11
Application of act§ App.A:4-12
Effective date§ App.A:4-12.2
Refund to municipalities§ App.A:4-12.3
Effective date§ App.A:4-13
Disposition of water system revenues to meet bonds issued pursuant to contract with federal government§ App.A:4-14
Effective date§ App.A:4-19
Power to issue bonds; purposes§ App.A:4-20
Name of bonds; ordinance; procedure; details§ App.A:4-22
Provisions of ordinance§ App.A:4-23
Sale price; exchange or sale of bonds§ App.A:4-25
Budget provisions