New Jersey Statutes
§ App.A:4-67 — Sale of refunding bonds, or exchange for outstanding obligations; report to Department of Local Government
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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New Jersey § App.A:4-67 (Sale of refunding bonds, or exchange for outstanding obligations; report to Department of Local Government) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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