N.J.S.A. 40:48-2.43 — Indebtedness to finance retirement of licenses

40:48-2.43. Indebtedness to finance retirement of licenses Any municipality adopting an ordinance pursuant to this act may, by bond ordinance, incur indebtedness, borrow money and authorize and issue its negotiable obligations to finance the acquisition and retirement of licenses. Revenue derived from any additional annual license fee authorized by section 3 of this act shall be applied to the payment and retirement of any indebtedness incurred pursuant to this section. L.1968, c. 277, s. 4, eff. Sept. 4, 1968.

This is the verbatim text of N.J.S.A. 40:48-2.43, 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.