2016 New Jersey Revised Statutes
Title 40 - Municipalities And Counties
Section 40:3-2 - Contracts As To Bonds, Notes Not Impaired

NJ Rev Stat § 40:3-2 (2016) What's This?

40:3-2. Contracts as to bonds, notes not impaired
Nothing in this chapter shall be construed to require any sinking fund commission to do any act in violation of the contractual obligations of the municipality, county or school district, as the case may be, in respect to any bonds, notes or other evidences of indebtedness of such municipality, county or school district for the payment of which a sinking fund shall have been or may hereafter be created.


Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.