N.J.S.A. 58:5-28

Contracting municipalities may borrow money; issue of bonds and notes

58:5-28. Contracting municipalities may borrow money; issue of bonds and notes Each municipality entering into a contract with a district water supply commission as provided in this chapter may borrow upon its bonds, or upon its notes or other temporary obligations, the money necessary to make the payments required by such contract. Such bonds or other obligations shall be issued under and in accordance with article 1 of chapter 1 of the title Municipalities and Counties (s. 40:1-1 et seq.).

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This is the verbatim text of N.J.S.A. 58:5-28, 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.