40:37C-13 - Disposition of facilities after payment and retirement of bonds - New Jersey Statutes

40:37C-13.  Disposition of facilities after payment and retirement of bonds
    When the principal of and interest on bonds issued by an authority to finance the cost of a particular pollution control facility, including any refunding bonds issued to refund and refinance such bonds, have been fully paid  and retired or when adequate provision has been made to fully pay and retire  the same, and all other conditions of the resolution and the indenture authorizing and securing the same have been satisfied, such authority may do all things and execute such deeds and conveyances as are necessary and required  to convey its right, title and interest in such pollution control facilities  for a nominal amount or otherwise.

     L.1973, c. 376, s. 13, eff. Jan. 9, 1974.