N.J.S.A. 40:60-25.12 — Intent of act; validity of bonds and notes

40:60-25.12. Intent of act; validity of bonds and notes It is the intent of this act that the power to issue bonds and notes under this act and the validity of the bonds and notes so issued shall not be dependent in any manner on the power to acquire property or to settle, adjust and discharge encumbrances or claims thereon, under this act, or be affected by the validity or regularity of the proceedings therefor, or the authorization thereof, for the financing of which such bonds or notes are issued or are to be issued. L.1944, c. 206, p. 731, s. 6, eff. April 21, 1944.

This is the verbatim text of N.J.S.A. 40:60-25.12, 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.