N.J.S.A. 40:68A-46

Sale of bonds; interest

40:68A-46. Sale of bonds; interest Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum. L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 40:68A-46, 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. 40:68A-46 — Sale of bonds; interest | Kyzer