18A:8-40 - Continuation as liens of certain bonds issued, saved
18A:8-40.Ā R.S. 18:5-19
Bonds issued prior to 1903 by consolidated district.Ā Where any school district issued bonds prior to October nineteenth, one thousand nine hundred and three, for the erection of a graded or high school building therein, and atĀ the time of the issuance of the bonds and the erection of the building, theĀ district comprised the territory of two adjoining municipalities the voters ofĀ which joined or participated in the election authorizing the issuance of theĀ bonds, and the district was governed as a consolidated district on that date,Ā such school district shall continue to be governed as a consolidated districtĀ in the same manner as though the consolidation had been effected in the mannerĀ provided by section 18:5-14 of this title, and the bonds so issued shall beĀ deemed to have been and shall continue to be a lien upon the inhabitants andĀ property of the municipalities comprising the school district at the time ofĀ the issuance thereof, notwithstanding any other provision of this title.
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Bonds issued prior to 1903 by consolidated district.Ā Where any school district issued bonds prior to October nineteenth, one thousand nine hundred and three, for the erection of a graded or high school building therein, and atĀ the time of the issuance of the bonds and the erection of the building, theĀ district comprised the territory of two adjoining municipalities the voters ofĀ which joined or participated in the election authorizing the issuance of theĀ bonds, and the district was governed as a consolidated district on that date,Ā such school district shall continue to be governed as a consolidated districtĀ in the same manner as though the consolidation had been effected in the mannerĀ provided by section 18:5-14 of this title, and the bonds so issued shall beĀ deemed to have been and shall continue to be a lien upon the inhabitants andĀ property of the municipalities comprising the school district at the time ofĀ the issuance thereof, notwithstanding any other provision of this title.
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