27:14-31 - Bond issues; reimbursement - New Jersey Statutes

27:14-31.  Bond issues;  reimbursement
    The board of chosen freeholders and the borough may issue bonds to meet the  cost of the improvement in the same manner and to the same extent that bonds  could have been issued if the improvement had been made by the board of chosen  freeholders.

    The borough may borrow on temporary loans such sums as may be necessary to pay the moneys due under the contract for the improvement until such time as the proportionate shares of the cost thereof shall be received by it from the state and county respectively.