32:12-11. Bonds
65 words·~1 min read·
/nj/title-32/chapter-12/32-12-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Such counties may issue bonds to provide the necessary money to make the payments required by the commission as provided in section 32:12-10 of this title. The bonds shall be in such amounts, shall bear interest not exceeding five per cent per annum and shall be payable at such time and place as the governing bodies of the counties may, by resolution, fix and determine.