New Jersey § 40a:2-24

§ 40a:2-24.

Notes may be issued payable to bearer, with interest payable to bearer or on presentation

for endorsement or may be in registered form. Notes payable to bearer may be made subject to registration and the principal of

and interest on notes so registered shall be payable to the registered owner. Bonds may be issued either in coupon or registered form. Bonds in coupon form may contain provision for registration as to principal only

and as to both principal and interest. Bonds issued in fully registered form or in coupon form with provision for registration

as to both principal and interest may contain provision for conversion into bonds

in coupon form at the request and expense of the registered owner or his duly authorized

attorney or legal representative. Any obligations may be issued subject to redemption prior to maturity with or without

premium, or at such redemption price or prices and under such terms and conditions

as may be fixed by resolution of the governing body.