40A:14-85 - Acquisition of property and equipment for fire districts; limitations; referendum for issuance of bonds - New Jersey Statutes

40A:14-85.  Acquisition of property and equipment for fire districts; limitations;  referendum for issuance of bonds
    The board of commissioners of a fire district may purchase fire engines, apparatus or other appliances for the extinguishment of fires and acquire lands  or buildings or erect buildings for the housing of such equipment, at a cost  not exceeding $60,000.00 or 2% of the assessed valuation of the taxable property in the district, whichever amount is larger, the money to be raised by  a bond issue.  Any such bond issue shall be authorized by a resolution of the  commissioners specifying the amount and the purpose thereof.  The resolution  shall be inoperative unless and until it shall have been submitted to and  approved by the legal voters within said fire district at the annual election  held for the election of commissioners and appropriation of money for fire  extinguishing purposes, or at a special election for such purpose.

    The resolution shall be written or printed and the election shall be upon notice stating the time and place.  If said election is to be the annual one, the notices shall be posted by the clerk of the board of fire commissioners in 10 public places, at least 10 days prior to the date of the election.  The board of commissioners and the clerk, in their or his discretion, may advertise  the election in a newspaper, published in the fire district, if any, otherwise  in a newspaper published in the county of said district and circulating in such  district.  When a special election is specified notices shall be posted in 10  public places, at least 21 days prior to the date of election, and the clerk of  said board shall advertise said notice in such a newspaper at least twice prior  to the election date.

     L.1971, c. 197, s. 1, eff. July 1, 1971.