N.J. Stat. § 40:14A-10

Current through L. 2023, c. 256.

Section 40:14A-10 - Bonds; issuance authorized

For the purpose of raising funds to pay the cost of any part of its sewerage system, a sewerage authority shall have power to authorize or provide for the issuance of bonds pursuant to this act. Such sewerage authority shall adopt a resolution (in this act sometimes referred to as "bond resolution" ) which shall

(1) describe in brief and general terms sufficient for reasonable identification the part (in this act sometimes called "project" ) of the sewerage system to be constructed or acquired;

(2) state the cost or estimated cost of the project; and

(3) provide for the issuance of the bonds in accordance with either section eleven or section twelve of this act.

N.J.S. § 40:14A-10

L.1946, c.138, p.652, s.10, eff. 4/23/1946.