40:14A-13 - Interim certificates or bonds - New Jersey Statutes

40:14A-13.  Interim certificates or bonds
    After sale of any bonds pursuant to section eleven or section twelve of this  act, the sewerage authority shall have power to authorize the execution and  issuance to the purchasers, pending the preparation of the definitive bonds, of  interim certificates therefor or of temporary bonds or other temporary  instruments exchangeable for the definitive bonds when prepared, executed and  ready for delivery.  The holders of such interim certificates, temporary bonds  or other temporary instruments shall have all the rights and remedies which  they would have as holders of the definitive bonds.

     L.1946, c. 138, p. 655, s. 13, eff. April 23, 1946.