N.J.S.A. 18A:24-40

Cash premium not to exceed $1,000.00

18A:24-40. Cash premium not to exceed $1,000.00 The price for which bonds of any one issue of a type II district shall be sold shall not exceed by more than $1,000.00 the par value of the bonds of such issue offered for sale. In order that the amount bid at such sale shall not exceed such price, a sufficient number of the last maturing bonds shall be of the denomination of $1,000.00 or less. L.1967, c.271.

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This is the verbatim text of N.J.S.A. 18A:24-40, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.