New Jersey § acts:saved-27 - (13)
Full text of New Jersey New Jersey Statutes § acts:saved-27 — (13), with citation guidance and answers to common questions.
§ acts:saved-27. (13)
13. A sinking fund is hereby established for the retirement of the principal of said
bonds. Beginning with the calendar year after the date of issue of each series of bonds,
and in each year thereafter, an amount shall be paid as hereinafter provided into
the said sinking fund, which would, if thereafter annually contributed to said fund,
with the fund in hand, and interest on said fund and on such annual contributions
at the rate of three and one-half per cent, compounded annually, be sufficient to
pay the principal of the outstanding bonds of each series at their maturity, and such
fund is hereby appropriated for such payment. The said amounts required to be contributed in each year on account of all issues
are sometimes herein referred to as the “sinking fund requirement.”
Frequently Asked Questions About New Jersey § acts:saved-27
What does New Jersey Statutes § acts:saved-27 cover?
Section acts:saved-27 ("(13)") 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 § acts:saved-27?
A common citation format is "New Jersey Statutes § acts:saved-27" (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 § acts:saved-27 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.