N.J. Stat. § 58:14-24
Current through L. 2024, c. 87.
Upon the making of any such contract as is herein provided for, the commissioners may borrow upon their corporate notes, or other obligations, any moneys which may be required by them in the performance of said contract, and for the payment of moneys so borrowed, the contract with the several municipalities executing the same shall be security.
N.J.S. § 58:14-24