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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 60: Property of certain societies transferred in trust to municipality; purposes
Section: 40:60-25.12: Intent of act; validity of bonds and notes
It is the intent of this act that the power to issue bonds and notes under this act and the validity of the bonds and notes so issued shall not be dependent in any manner on the power to acquire property or to settle, adjust and discharge encumbrances or claims thereon, under this act, or be affected by the validity or regularity of the proceedings therefor, or the authorization thereof, for the financing of which such bonds or notes are issued or are to be issued.
L.1944, c. 206, p. 731, s. 6, eff. April 21, 1944.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40:60-25.12 (if available):
Court decisions that cite this statute:
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