52:14-15.5 - Deductions for purchase of war bonds - New Jersey Statutes

52:14-15.5.  Deductions for purchase of war bonds
    Whenever any person holding public office, position or employment, whose compensation is paid by this State or any county, municipality, school district  or other political subdivision of this State, or by any board, body, agency or  commission thereof, shall indicate in writing to the proper disbursing officer  his desire to have any deduction made from his compensation for the purpose of  purchasing war bonds of the United States government, such disbursing officer  shall make such deduction from the compensation of such person and such  disbursing officer shall deposit all such deductions in a separate trust  account and accumulate them until such time as the amount of the deductions  will permit the purchase, for said person, of a war bond of the United States  government, at which time such disbursing officer shall draw on such trust  account, make such purchase and deliver such bond to said person.

     L.1943, c. 102, p. 333, s. 1.