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Section 40:14A-10 - Bonds; issuance authorized

NJ Rev Stat § 40:14A-10 (2019) (N/A)
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40:14A-10. Bonds; issuance authorized

For the purpose of raising funds to pay the cost of any part of its sewerage system, a sewerage authority shall have power to authorize or provide for the issuance of bonds pursuant to this act. Such sewerage authority shall adopt a resolution (in this act sometimes referred to as "bond resolution" ) which shall

(1) describe in brief and general terms sufficient for reasonable identification the part (in this act sometimes called "project" ) of the sewerage system to be constructed or acquired;

(2) state the cost or estimated cost of the project; and

(3) provide for the issuance of the bonds in accordance with either section eleven or section twelve of this act.

L.1946, c. 138, p. 652, s. 10, eff. April 23, 1946.

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Section 40:14A-9 - Appropriations by local unit to sewerage authority; construction, financing and operation of sewage facilities by local unit
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Section 40:14A-11 - Resolution for issuance of bonds; ordinance; sale of bonds