40:37-95.10 - Moneys required to be raised by taxation; bonds - New Jersey Statutes

40:37-95.10.  Moneys required to be raised by taxation;  bonds
    The commission may draw the moneys provided and made available by the board  of chosen freeholders for the purposes of this act on requisition duly signed  and approved by its president and secretary.  In addition to any other funds or  moneys provided for the purposes of this act pursuant to the provisions  hereinabove or in section nine contained, the board of chosen freeholders of  the county may provide funds for land and improvements by the commission or for  the payment of notes previously authorized or issued to provide such funds, by  the issuance of bonds or other obligations of the county in pursuance of  article one of chapter one of this Title (s. 40:1-1 et seq.), but in no case  shall the amount of such bonds or other obligations, both authorized and  outstanding at any one time, exceed in the aggregate the sum of one million  dollars ($1,000,000.00), plus the amount of any funds on hand applicable to the payment of the principal of such outstanding bonds or other obligations.

     L.1946, c. 276, p. 943, s. 10.  Amended by L.1949, c. 256, p. 821, s. 2; L.1950, c. 336, p. 1116, s. 2.