N.J.S.A. 40A:27-9 — Authorization to issue bonds; purpose

40A:27-9. Authorization to issue bonds; purpose The governing body of a local unit exercising the powers granted by this chapter is authorized to provide by resolution or ordinance, as the case may be, at one time, or from time to time, for the issuance of general obligation bonds of the local unit for the purpose of paying all or any part of the cost of a flood control facility constructed, acquired, improved, operated, maintained, extended, enlarged or reconstructed pursuant to this chapter. The bonds of each issue shall be issued pursuant to the provisions of the "Local Bond Law," (N.J.S. 40A:2-1 et seq.). Source: C. 40:23-40 (P.L. 1977, c. 333, s. 7). L. 1987, c. 179, s. 1.

This is the verbatim text of N.J.S.A. 40A:27-9, 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.