New Jersey § acts:saved-40 - (36)
Full text of New Jersey New Jersey Statutes § acts:saved-40 — (36), with citation guidance and answers to common questions.
§ acts:saved-40. (36)
2. Should the legal electors of such town at such election vote an additional sum for
such waterworks, then it shall be the duty of the mayor and council or other governing
body of such town to issue the bonds of such town for said sum, said bonds to bear
a rate of interest not exceeding the legal rate payable semiannually, the principal
thereof to be payable in thirty years from the date thereof, or sooner, at the option
of said town, and it shall be the duty of the treasurer or other disbursing officer
thereof to make sale of the bonds so issued at not less than their par value, and
to pay the proceeds of said sale to said board of water commissioners to be by them
appropriated according to the provisions of said act; the purchaser or holder of
said bonds shall not be obliged to ascertain that the act to which this act is a supplement
has been adopted at a special election, or that the sum for which said bonds are issued
has been voted at a special election as provided in this act, but said bonds shall
contain a recital that they are issued pursuant to this act, which recital shall be
conclusive evidence of the validity and the regularity of their issue.
Frequently Asked Questions About New Jersey § acts:saved-40
What does New Jersey Statutes § acts:saved-40 cover?
Section acts:saved-40 ("(36)") 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.