18A:20-39.Ā  Securities not to be canceled;Ā  sale;Ā  resolution
Securities of a school district, purchased by it, shall not be canceled butĀ  may be sold as and when directed by resolution adopted by a majority vote ofĀ  all the members of the board of education.

L.1977, c. 177, s. 3, eff. Aug. 16, 1977.
Ā