| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 13: Filling vacancies in trustees of certain trust funds; resignation of trustees
Section: 43:13-37.3: Execution of releases, acquittances or discharges of indebtedness; deposits; interest and income
The president and secretary shall, on behalf of the said pension fund commission, execute any and all releases, acquittances, receipts or discharges of any and all written evidences of indebtedness to said pension fund commission; said pension fund commission shall deposit such fund in any of the banks or trust companies of such town, and shall have power to invest the same in bonds of the United States or of this State, or of any county or municipality in this State. All income, interest, earnings or dividend which shall be paid or agreed to be paid on account of any loan or deposit shall belong to and constitute a part of said pension fund.
L.1943, c. 189, p. 524, s. 3.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 43:13-37.3 (if available):
Court decisions that cite this statute:
CLICK HERE.