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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 68a:
Section: 40:68a-46: Sale of bonds; interest
Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6\% per annum.
L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40:68a-46 (if available):
Court decisions that cite this statute:
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