30:3-4 - State institutional construction fund; bond issue - New Jersey Statutes

30:3-4.  State institutional construction fund;  bond issue
    L.1930, c. 227, p. 1015, entitled  "An act authorizing the creation of a debt of the state of New Jersey by the issuance of bonds of the state in the sum of ten million dollars for state institutions;  providing for the ways and means to pay the interest of said debt and also to pay and discharge the principal thereof;  and providing for the submission of this law to the people at a general election,"  approved April eighteenth, one thousand nine hundred and thirty, as amended by L.1935, c. 215, p. 509, saved from repeal.  [This act  permits the issuance of bonds in the sum of ten million dollars;  limits the  bonds issued in any one year to three million dollars; bonds are to be issued  from time to time as money is required by certification of the state board to  the state house commission;  principal and interest are exempt from taxation;   the state house commission shall determine all questions in connection with  bond issues;  other provisions are made for rate of interest, temporary bonds  or certificates;  separate series, registration, maturity, payment, dedication  of proceeds, appropriation of necessary funds from receipts of tax on motor  vehicle fuels, and levy of general tax to meet deficiency.]