There Is a Newer Version
of
this Section
2018 New Jersey Revised Statutes
Title 48 - PUBLIC UTILITIES
Chapter 6 - Powers in general
Section 48:6-17 - Borrowing money and issuing bonds secured by mortgage
Universal Citation:
NJ Rev Stat § 48:6-17 (2018)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Section: 48:6-17: Borrowing money and issuing bonds secured by mortgage
Every canal company organized under this Title may borrow such sums of money from time to time, not to exceed in the whole its paid up capital stock, as may be necessary to construct and repair the canal and the works on lands adjacent thereto. To secure repayment thereof it may issue bonds secured by a mortgage on its property and franchises provided. The bonds shall constitute a lien on the property and franchises of the company and the proceeds of the bonds shall be used for the purposes above specified.
Amended by L.1962, c. 198, s. 92.
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.
