New Jersey Statutes

§ App.A:4-67 — Sale of refunding bonds, or exchange for outstanding obligations; report to Department of Local Government

New Jersey § App.A:4-67

This text of New Jersey § App.A:4-67 (Sale of refunding bonds, or exchange for outstanding obligations; report to Department of Local Government) 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. § App.A:4-67 (2026).

Text

Any such refunding bonds may be sold in such manner as may be determined by resolution, at public or private sale before or after public offering, or may be exchanged before or after public offering for any outstanding obligations to be funded or refunded thereby upon authorization by resolution adopted by vote of two-thirds of the members of the board of education, at such price or prices, computed in the manner or mode of procedure described by "Acme Tables of Bond Value" (published by Financial Publishing Company, Boston, Massachusetts), as will yield to the purchasers or the holders of the obligations surrendered in exchange, income at a rate not exceeding six per centum (6%) per annum to the maturity dates of the several bonds so sold or exchanged on the money paid or the principal am

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Bluebook (online)
New Jersey § App.A:4-67, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/App.A%3A4-67.