New Jersey § 52:27-24

§ 52:27-24.

All notes or bonds issued under this chapter may be subject to such terms of redemption,

with or without premium, and contain such provisions, conditions and limitations with

respect to the acceleration of the obligation to pay the principal thereof upon such

default in the payment of interest on or principal of any bonds or notes, or in respect

to the provisions concerning debt service and sinking fund payments, as the resolution

authorizing their issuance may provide. Any notes or bonds issued under this chapter in exchange for any instrument issued

under this chapter or any other law may be authorized by such resolution to contain

a provision that, in case of default in payment of the principal of or interest on

any such note or bond, the holder thereof shall not only have all his rights and remedies

thereunder, but in addition shall be reinvested with such of the rights or remedies

which he would have had were he then the owner and in possession of the instrument

in exchange for which such note or bond shall have been issued as may be specified

in such resolution. Such notes or bonds may contain such reference to any special covenants or provisions

contained in the resolution authorizing their issuance and such other terms, conditions

or provisions not inconsistent herewith deemed by the commission to give such notes

or bonds a higher degree of marketability as the resolution or resolutions determining

the form of the notes or bonds may provide. All notes or bonds issued under this chapter containing any one or more of such references,

terms, provisions or conditions shall be deemed negotiable instruments, the provisions

or limitations of any other law to the contrary notwithstanding; but nothing in this

section shall be construed to impair the negotiability of any other instruments negotiable

under other laws of this state.