18A:24-6.Ā  Bonds payable in installments
All bonds issued under this chapter shall be payable in annual installmentsĀ  commencing not more than two years from their date, and no installment shall beĀ  more than 100% in excess of the amount of the smallest prior installment.

L.1967, c.271; amended by L.1983, c. 458, s. 1, eff. Jan. 12, 1984.
Ā