18A:24-61.3 - Refunding bond ordinance; manner of sale and issuance - New Jersey Statutes

18A:24-61.3.  Refunding bond ordinance;  manner of sale and issuance
    A refunding bond ordinance of any county or municipality shall become effective and refunding bonds shall be sold or issued in the manner provided in  sections 40A:2-52 to 40A:2-60, both inclusive, of said Local Bond Law, and all  of the provisions of said sections shall be applicable thereto and to such  funding or refunding by any county or municipality, and such refunding bonds  shall recite that they are issued pursuant to said law and this chapter.  A  refunding bond ordinance of any Type II school district shall become effective  and refunding bonds shall be sold or issued in the manner provided in this  chapter.

     L.1969, c. 130, s. 3, eff. July 2, 1969.