New Jersey § acts:saved-40 - (27)

§ acts:saved-40. (27)

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

this is a further 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 shall, from time to time, in amounts

not to exceed five hundred thousand dollars ($500,000.00) in any one year, 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 five million dollars ($5,000,000.00). 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.