N.J.S.A. 40:3-2

Contracts as to bonds, notes not impaired

40:3-2. Contracts as to bonds, notes not impaired Nothing in this chapter shall be construed to require any sinking fund commission to do any act in violation of the contractual obligations of the municipality, county or school district, as the case may be, in respect to any bonds, notes or other evidences of indebtedness of such municipality, county or school district for the payment of which a sinking fund shall have been or may hereafter be created.

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This is the verbatim text of N.J.S.A. 40:3-2, 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.

N.J.S.A. 40:3-2 — Contracts as to bonds, notes not impaired | Kyzer