New Jersey § acts:saved-54 - (7)
Full text of New Jersey New Jersey Statutes § acts:saved-54 — (7), with citation guidance and answers to common questions.
§ acts:saved-54. (7)
7. That all bonds or obligations of the city shall be receivable at par and accrued
interest in payment of the tax, assessment and lien imposed under this act, and the
sum for which any lot or tract of land may be sold under this act; but no bonds or
obligations shall be received for such part thereof as may be imposed in lieu of arrears
of annual taxes or water rates except bonds or obligations issued on account of taxes
or water rates; provided, that in all cases where the bid shall exceed the amount
of the tax, assessment and lien, with interest, the excess shall be paid in cash.
Frequently Asked Questions About New Jersey § acts:saved-54
What does New Jersey Statutes § acts:saved-54 cover?
Section acts:saved-54 ("(7)") 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-54?
A common citation format is "New Jersey Statutes § acts:saved-54" (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-54 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.