New Jersey § 40a:14-86
Full text of New Jersey New Jersey Statutes § 40a:14-86, with citation guidance and answers to common questions.
§ 40a:14-86.
The legal voters, at any election held for the purpose of raising money by issuance
of bonds, shall vote by ballot on the question. The election shall be conducted in the same manner as other fire district elections. If a majority of the legal voters voting on the question favor the issuance of such
bonds the board of fire commissioners shall be authorized to issue them. Said bonds shall be serial bonds issued in the corporate name of the fire district,
in the authorized amount, not exceeding in the aggregate $60,000.00 or 2% of the assessed
valuation of the taxable property of the district, whichever amount is larger. They shall be in the amounts and payable at the time directed, with interest at
any rate of interest that the fire commissioners may approve and which shall be payable
semi-annually. The bonds shall not be issued for longer than a 30-year period. They shall be signed by the manual or facsimile signature of the chairman of the
board of fire commissioners and attested by the manual or facsimile signature of the
clerk, and may be attested by a registrar or authenticating agent. The bonds shall be coupon bonds or registered bonds and shall be issued at such
price or prices, not less than par, as the board of fire commissioners shall determine. The bonds shall be sold at public or private sale for the best obtainable price.
Frequently Asked Questions About New Jersey § 40a:14-86
What does New Jersey Statutes § 40a:14-86 cover?
Section 40a:14-86 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 40a:14-86?
A common citation format is "New Jersey Statutes § 40a:14-86" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 40a:14-86 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.