13:12-26. Release of lien of bonds on sale of property
66 words·~1 min read·
/nj/title-13/chapter-12/13-12-26A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of conservation and development, in whom is vested the title to the bonds issued by the canal and banking company, shall, upon any sale of any property as authorized by the terms of this chapter, take such action and execute such documents as may be necessary or advisable to procure the release of such property from the lien of the mortgage securing such bonds.