27:11-8 - Act of 1927 - New Jersey Statutes

27:11-8.  Act of 1927
    L.1927, c. 181, p. 344, entitled  "An act for the construction, improvement,  reconstruction and rebuilding of the state highway system, including bridges,  tunnels, viaducts and rights of way as parts thereof; providing for the  defraying of the cost of the same by the taxation of real and personal property  in this state, and by the creation of a debt of the state in an amount not  exceeding thirty million dollars by the issuance of bonds therefor, and for the  submission of this act to the people at a general election,"  approved March  twenty-eighth, one thousand nine hundred and twenty-seven, saved from repeal.   [This act provides for the raising of money for highway purposes and the  issuance of bonds of the state therefor in an amount not exceeding thirty  million dollars.  It prescribes the time and manner in which the bonds shall be  issued and provides for the establishment of a sinking fund and the investment  of the moneys thereof, and the levying of a general property tax to pay the  principal and interest of such bonds. The act was submitted to the voters of  the state at the general election held in November 1927, and was officially  declared adopted on December 6, 1927.]