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NEW JERSEY STATUTES AND CODES

52:27-65 - Remedial law to meet public emergency;  liberal construction

52:27-65.  Remedial law to meet public emergency;  liberal construction
    It is declared that this chapter is intended by the legislature to meet the  public emergency arising from a default in the payment of municipal and school  district obligations and the resulting impairment of public credit, requiring  intervention by the state to provide for the payment of existing obligations in  such a way as to cause the least embarrassment to property owners as taxpayers,  and that this chapter is remedial in nature and the powers hereby granted shall  be liberally construed.
 

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