N.J.S.A. 58:5-45

Sale of bonds

58:5-45. Sale of bonds Bonds of a commission may be sold by the commission at public or private sale at such price or prices as the commission 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.1962, c. 167, s. 15.

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This is the verbatim text of N.J.S.A. 58:5-45, 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. 58:5-45 — Sale of bonds | Kyzer