New Jersey § 52:27-25
Full text of New Jersey New Jersey Statutes § 52:27-25, with citation guidance and answers to common questions.
§ 52:27-25.
Any municipality in which the commission is functioning may levy taxes ad valorem
upon all taxable property therein for the purpose of paying the principal of or interest
on any notes, bonds or other obligations or indebtedness of such municipality issued
under this or any other law, except notes or bonds issued after December thirty-first,
one thousand nine hundred and forty-six pursuant to this chapter for the payment of
principal of or interest on which the faith and credit of the municipality shall not
have been pledged by provision or recital in such notes or bonds or in the resolution
or resolutions providing for the issuance of such notes or bonds, and such municipality
may also provide for a reserve fund for the payment of said principal and interest,
which fund shall be under the immediate jurisdiction of the sinking fund commissioners
or of a financial officer of the municipality, as the commission shall approve. No money shall be withdrawn from said reserve fund or sinking fund for investment
or otherwise without the approval of the commission.
Frequently Asked Questions About New Jersey § 52:27-25
What does New Jersey Statutes § 52:27-25 cover?
Section 52:27-25 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 § 52:27-25?
A common citation format is "New Jersey Statutes § 52:27-25" (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 § 52:27-25 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.