40:62-30. Surplus used to meet bonds
62 words·~1 min read·
/nj/title-40/chapter-62/40-62-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
From the surplus of the income of such station or hall there may from time to time be taken such amounts as may, in the judgment of the officials in control of the fund seem wise, and appropriated to the municipality for the purpose of paying interest or principal upon the bond issues outstanding for the construction of such station or hall.