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2009 New Jersey Code
TITLE 32 - INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
Section 32:11D
32:11D-70 - Maximum maturity

32:11D-70.  Maximum maturity     No bond by its terms shall mature in more than 50 years from its own date and in the event any authorized issue is divided into 2 or more series or divisions, the maximum maturity date hereby authorized shall be calculated from  the date on the face of each bond separately, irrespective of the fact that  different dates may be prescribed for the bonds of each separate series or  division of any authorized issue.

     L.1961, c. 13, p. 71, s. 12.7.
 

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