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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 62: Accounts; supervision by board of public utility commissioners
Section: 40:62-34.11: Special emergency notes as general obligation of municipality; tax levy
The Special Emergency Notes to be issued for the indebtedness of the municipality amounting to $2,000,000.00, together with all interest thereon shall be a general obligation of the municipality and the municipality shall have the power to levy ad valorem taxes upon the taxable property within the municipality for the payment of the obligation and interest thereon without limitation of rate or amount.
L.1960, c. 2, p. 13, s. 2.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40:62-34.11 (if available):
Court decisions that cite this statute:
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