N.J.S.A. 40:11A-11 — Bonds; validity

40:11A-11. Bonds; validity In case of any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery. All bonds issued under the provisions of this act are hereby made and declared to be negotiable instruments under the negotiable instruments law of this State. (Subtitle 1 of Title 7 of the Revised Statutes.) L.1948, c. 198, p. 985, s. 11. Amended by L.1954, c. 138, p. 630, s. 9.

This is the verbatim text of N.J.S.A. 40:11A-11, 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.