New Jersey § 52:27-50
Full text of New Jersey New Jersey Statutes § 52:27-50, with citation guidance and answers to common questions.
§ 52:27-50.
Subject only to the limitations of this article, such resolution or resolutions supplemental
thereto shall determine the terms and the form of notes or bonds to be issued thereunder. Such notes or bonds 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 the 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 article in exchange for any instrument issued
under any other law may be authorized by such resolution or resolutions 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, provisions
or conditions not inconsistent herewith as may be 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 article 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.
Frequently Asked Questions About New Jersey § 52:27-50
What does New Jersey Statutes § 52:27-50 cover?
Section 52:27-50 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 § 52:27-50?
A common citation format is "New Jersey Statutes § 52:27-50" (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 § 52:27-50 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.