New Jersey § acts:saved-40 - (1)

§ acts:saved-40. (1)

1. To meet the further expenses to be incurred under the provisions of the act to which

this is a supplement, for the acquisition, development and improvement of parks and

parkways in any county in this state in which said act shall be in force, the board

of chosen freeholders in any such county may, from time to time, in amounts not to

exceed three hundred and fifty thousand dollars, and in addition to any bonds heretofore

authorized by law, on request of the board of park commissioners in any such county,

in the name of and on the credit of the said county, borrow money by issuing the bonds

of the said county to a sum not exceeding in the aggregate three hundred and fifty

thousand dollars. Such bonds shall be issued in accordance with an act entitled “An act to authorize

and regulate the issuance of bonds and other obligations and the incurring of indebtedness

by county, city, borough, village, town, township or any municipality governed by

an improvement commission,” approved March twenty-second, one thousand nine hundred

and sixteen, and the amendments thereto and supplements thereof. The proceeds of the sale of said bonds, after deducting expenses for their issue

and sale, shall be paid over to the said park commission at such time or times and

in such sum or sums as the board of chosen freeholders of such county may elect.