27:14-10.Ā  Municipal bond issue When a municipality shall have undertaken to pay ten per cent of the cost ofĀ  an improvement under the provisions of this article either by resolution of theĀ  governing body, or otherwise, and in the opinion of the governing body, to beĀ  determined by resolution, it would be too burdensome on the taxpayers of theĀ  municipality to place in the tax levy for any fiscal year the portion of theĀ  expense of the improvement to be borne by it, the governing body may issueĀ  bonds for the amount undertaken to be paid by the municipality.
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