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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES

    Chapter 63: Sale or lease of municipal facilities to privately-owned utility; conditions

      Section: 40:63-136: Bonds and other obligations; payment of principal and interest

           The governing body or board having control of the finances of every such jointly contracting municipality, shall raise by taxes in each year, as other moneys are raised in such municipality, such sum of money as may be necessary to pay the interest on the notes and other obligations of the municipality issued as aforesaid, including, when necessary, interest on such of its obligations as may be payable out of the proceeds of assessments, and also the principal of such bonds, except obligations payable out of assessments and temporary obligations issued as aforesaid, as may mature during the then ensuing fiscal year.



This section added to the Rutgers Database: 2012-09-26 13:37:52.






Older versions of 40:63-136 (if available):



Court decisions that cite this statute: CLICK HERE.