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New Jersey Statutes, Title: App.A, EMERGENCY AND TEMPORARY ACTS
Chapter 4: Tax exemption
Section: App.A:4-24: Irregularities not to affect bonds; pledge of municipality's credit
6. The powers granted by this act shall not be affected by the invalidity or any irregularity in any proceedings for incurring the indebtedness or issuing the bonds, notes, or other obligations to be paid, funded or refunded by bonds issued under this act. The full faith and credit of a municipality shall be deemed to be pledged for the payment of the principal of and interest on any bonds issued by it under this act, as fully as though a statement to that effect were indorsed thereon.
(L.1934, c. 60, s. 6, p. 169.)
This section added to the Rutgers Database: 2012-09-26 13:37:57.
Older versions of app.a:4-24 (if available):
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