New Jersey § 34:1b-10

§ 34:1b-10.

By resolution, the authority shall have power to incur indebtedness, borrow money

and issue its bonds for the purposes stated in section 9 of P.L.1974, c. 80 ( C.34:1B-9 ) . Except as may otherwise be expressly provided by the authority, or by the provisions of section 6 of P.L.2001, c. 401 ( C.34:1B-4.1 ), every issue of its bonds shall be general obligations of the authority payable from

any revenues or moneys of the authority, subject only to any agreements with the holders

of particular bonds or notes pledging any particular revenues or moneys. Such bonds shall be authorized by resolution and may be issued in one or more series

and shall bear such date or dates, mature at such time or times not exceeding 40 years

from the date thereof, bear interest at a rate or rates, be in such denomination or

denominations, be in such form, either coupon or registered, carry such conversion

or registration privileges, have such rank or priority, be executed in such manner,

be payable from such sources in such medium of payment at such place or places within

or without the State, and be subject to such terms of redemption (with or without

premium) as such resolution may provide. Bonds of the authority may be sold by the authority at public or private sale at

such price or prices as the authority shall determine.