N.J.S.A. 40:14A-10 — Bonds; issuance authorized

40:14A-10. Bonds; issuance authorized For the purpose of raising funds to pay the cost of any part of its sewerage system, a sewerage authority shall have power to authorize or provide for the issuance of bonds pursuant to this act. Such sewerage authority shall adopt a resolution (in this act sometimes referred to as "bond resolution" ) which shall (1) describe in brief and general terms sufficient for reasonable identification the part (in this act sometimes called "project" ) of the sewerage system to be constructed or acquired; (2) state the cost or estimated cost of the project; and (3) provide for the issuance of the bonds in accordance with either section eleven or section twelve of this act. L.1946, c. 138, p. 652, s. 10, eff. April 23, 1946.

This is the verbatim text of N.J.S.A. 40:14A-10, 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.