New Jersey § app:a-4
Full text of New Jersey New Jersey Statutes § app:a-4, with citation guidance and answers to common questions.
§ app:a-4.
The board of education of any school district which is governed by article VII of
the act to which this act is a supplement 1 shall have power, by resolution adopted by vote of two-thirds of the members of said
board at any time on or before July first, one thousand nine hundred and thirty-eight,
to issue bonds for the purpose of funding or refunding any notes or bonds due or to
become due together with any interest due or accrued thereon. When provided in the resolution authorizing the issuance of such bonds, the cost
of issuing such bonds, including printing, advertising, accounting, financial and
legal expenses may be included in such bond issue. Such bonds shall bear interest at a rate not exceeding six per cent (6%) per annum
and shall be payable in such annual or semiannual installments as may be necessary
to relieve the tax burden in the district. Provision for the payment of such bonds shall be made, and, unless such bonds are
exchanged for notes or bonds to be funded or refunded thereby pursuant to section
two hereof, 2 such bonds shall be sold and delivered, in accordance with the requirements of the
act to which this act is a supplement, 3 except that the first annual installment may be made payable three years from the
date of issue of such funding or refunding bonds. Such bonds shall be substantially in form as prescribed by the act to which this
act is a supplement. The powers granted by this act shall not be affected or restricted by any limitation
of indebtedness imposed by any act heretofore or hereafter enacted and shall not be
affected by the invalidity of or irregularity in any proceedings for the issuance
of the notes or bonds to be funded or refunded under this act, but shall be exercised
by the board of education only when necessary to relieve the tax burden in the district,
which determination shall be made by the board of education in the resolution authorizing
bonds under this act. 1
P.L.1903, 2d Sp.Sess., c. 1, pp. 29-42, §§ 77-105. 2
App. A:4-56. 3
P.L.1903, 2d Sp.Sess. c. 1, p. 5.
Frequently Asked Questions About New Jersey § app:a-4
What does New Jersey Statutes § app:a-4 cover?
Section app:a-4 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 § app:a-4?
A common citation format is "New Jersey Statutes § app:a-4" (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 § app:a-4 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.