40:11A-11 - Bonds; validity - New Jersey Statutes

40:11A-11.  Bonds;  validity    In case of any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery.  All bonds issued under the provisions of this act are hereby made and declared to be negotiable instruments under the negotiable instruments law of this State. (Subtitle 1 of Title 7 of the Revised Statutes.)

     L.1948, c. 198, p. 985, s. 11.  Amended by L.1954, c. 138, p. 630, s. 9.