There is a newer version of the New Jersey Revised Statutes
2016 New Jersey Revised Statutes
Title 48 - Public Utilities
Section 48:9-18 - Companies May Mortgage Property And Franchises
NJ Rev Stat § 48:9-18 (2016) What's This?
48:9-18. Companies may mortgage property and franchises
Any company organized under this chapter may mortgage any or all of its property, real or personal, including franchises, when necessary to enable it to carry on its operations.
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