43:10-58 - Management of fund; investments - New Jersey Statutes

43:10-58.  Management of fund;  investments    The board of chosen freeholders of said county shall have the management and  control of such fund and is hereby empowered to make all necessary rules and  regulations concerning the same not inconsistent with this article.  All moneys  not needed for the immediate payment of such pension shall be invested by such  board of chosen freeholders, in interest-bearing bonds of any municipality in  this state or in any other interest-bearing securities in which savings banks  of this state are authorized to invest their funds.