40:54-27. Redemption of bonds
42 words·~1 min read·
/nj/title-40/chapter-54/40-54-27A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There shall be raised and levied annually by taxation in the municipality issuing such bonds a sum sufficient to pay the interest thereon and to redeem the part or proportion thereof maturing in the fiscal year for which such taxes are levied.