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NEW JERSEY STATUTES AND CODES
40:68A-46 - Sale of bonds; interest
40:68A-46. Sale of bonds; interest
Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum.
L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.
Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum.
L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.
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