N.J.S.A. 40:54-19.5

Income from investments

40:54-19.5. Income from investments All interest, income or profit which may be realized by the board of trustees from the investment, pursuant to this or any other act, of any such funds shall be added to the principal of such funds and be used for the same purpose or purposes for or toward which the principal gift or bequest was made until the purpose or purposes for or toward which such gift or bequest was made shall have been accomplished. L.1942, c. 139, p. 431, s. 5.

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This is the verbatim text of N.J.S.A. 40:54-19.5, 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.