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2017 New Jersey Revised Statutes
TITLE 58 - WATERS AND WATER SUPPLY
Section 58:14-26 - Municipalities contracting under section 58:14-25 may borrow money
Universal Citation: NJ Rev Stat § 58:14-26 (2017)
58:14-26. Municipalities contracting under section 58:14-25 may borrow money
Every municipality which shall have contracted with the commissioners under the authority of section 58:14-25 of this title shall have as full power to borrow money and make an issue of notes or other temporary obligations and bonds for the purpose of making the payments designated and required to be made under any such contract as is given by this chapter to the municipalities first entering into contract with the commissioners for the purpose of defraying the cost and expense of the construction of such intercepting sewer, plant and works, and the appurtenances thereof, and of making the payments designated and required to be made by and under such contracts.
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