New Jersey § acts:saved-40 - (2)
Full text of New Jersey New Jersey Statutes § acts:saved-40 — (2), with citation guidance and answers to common questions.
§ acts:saved-40. (2)
2. Any municipality, county, or board of education of any school district of this state
shall have the power to enter into an agreement with the holder or holders of any
obligations of said municipality, county, or school district maturing in the years
1933, 1934, 1935, 1936, and 1937 extending the time for the payment of the principal
of said obligations for a period not exceeding three years from the date of the original
maturity. Said agreement may provide for the payment of any interest on said obligation not
exceeding six per cent (6%) per annum, notwithstanding the rate of interest provided
on said bonds.
Frequently Asked Questions About New Jersey § acts:saved-40
What does New Jersey Statutes § acts:saved-40 cover?
Section acts:saved-40 ("(2)") 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-40?
A common citation format is "New Jersey Statutes § acts:saved-40" (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-40 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.