N.J.S.A. 40:37-260 — Bond issues

40:37-260. Bond issues To defray any expense incurred under the provisions of this article the board of chosen freeholders of any such county may, from time to time, borrow money by issuing bonds of the county, which bonds shall run for a term not exceeding twenty years and bear interest at a rate not to exceed six per centum (6%) per annum. All such bonds shall be issued in accordance with the provisions of article one of chapter one of this Title (s. 40:1-1 et seq.). Amended by L.1951, c. 329, p. 1165, s. 1, eff. July 17, 1951.

This is the verbatim text of N.J.S.A. 40:37-260, 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.