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New Jersey Statutes, Title: App.A, EMERGENCY AND TEMPORARY ACTS

    Chapter 4: Tax exemption

      Section: App.A:4-68: Reserve or sinking funds

           To the end that the principal of and interest on such refunding bonds may be further secured and thereby a more favorable sale or exchange effected, the resolution authorizing such refunding bonds may contain provisions which shall be a part of the contract with the holders of such refunding bonds as to the establishment of, and the making of appropriations for, reserve or sinking funds and the amount, source, securing, regulation and disposition thereof.

(L.1940, c. 29, p. 108, s. 6.)



This section added to the Rutgers Database: 2012-09-26 13:37:57.






Older versions of app.a:4-68 (if available):



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