58:5-45. Sale of bonds
61 words·~1 min read·
/nj/title-58/chapter-5/58-5-45·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.