40:3-1 - Definitions - New Jersey Statutes

40:3-1.  Definitions    For the purposes of this chapter, bonds which are payable in installments in  successive years during at least three-quarters of the period covered by the  term of the whole issue, shall be known as  "serial bonds" .  All other bonds  shall be known as  "term bonds" .

    The term  "governing body"  as used in this chapter means the board or body  having charge and control of the finances of the municipality, county or school  district.