New Jersey § 48:5-23
Full text of New Jersey New Jersey Statutes § 48:5-23, with citation guidance and answers to common questions.
§ 48:5-23.
If two or more bridges shall have been constructed by any such company at different
times, the per cent of the total cost to be paid therefor shall be applied to each
bridge as of the date the same shall have been opened for public use. The right to acquire two or more bridges under section 48:5-22 of this title may be exercised if any one of the bridges shall have been in operation
for five years. If a second or other bridge shall not have been in operation for five years, then
such second or other bridge shall be taken at such total cost thereof, plus fifteen
per cent. If, at the time of the taking of such second or other bridge, it is in process of
construction, it shall be acquired at the total cost of the construction up to the
time of acquisition, plus fifteen per cent thereof, and upon assumption by the states
of all obligations and liabilities incurred in such construction.
Frequently Asked Questions About New Jersey § 48:5-23
What does New Jersey Statutes § 48:5-23 cover?
Section 48:5-23 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 § 48:5-23?
A common citation format is "New Jersey Statutes § 48:5-23" (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 § 48:5-23 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.