32:23-197 - Deposit of funds; security for deposits; withdrawal - New-jersey Statutes

State Codes and Statutes

Statutes > New-jersey > Title-32 > Section-32-23 > 32-23-197

32:23-197. Deposit of funds; security for deposits; withdrawal
All funds of the commission shall be deposited with such responsible banks or trust companies as may be designated by the commission. The commission may require that all such deposits be secured by obligations of the United States or of the States of New York or New Jersey of a market value equal at all times to the amount of the deposits, and all banks and trust companies are authorized to give such security for such deposits. The moneys so deposited shall be withdrawn only by check signed by 2 members of the commission or by such other officers or employees of the commission as it may from time to time designate.

L.1970, c. 58, s. 4.

State Codes and Statutes

Statutes > New-jersey > Title-32 > Section-32-23 > 32-23-197

32:23-197. Deposit of funds; security for deposits; withdrawal
All funds of the commission shall be deposited with such responsible banks or trust companies as may be designated by the commission. The commission may require that all such deposits be secured by obligations of the United States or of the States of New York or New Jersey of a market value equal at all times to the amount of the deposits, and all banks and trust companies are authorized to give such security for such deposits. The moneys so deposited shall be withdrawn only by check signed by 2 members of the commission or by such other officers or employees of the commission as it may from time to time designate.

L.1970, c. 58, s. 4.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > New-jersey > Title-32 > Section-32-23 > 32-23-197

32:23-197. Deposit of funds; security for deposits; withdrawal
All funds of the commission shall be deposited with such responsible banks or trust companies as may be designated by the commission. The commission may require that all such deposits be secured by obligations of the United States or of the States of New York or New Jersey of a market value equal at all times to the amount of the deposits, and all banks and trust companies are authorized to give such security for such deposits. The moneys so deposited shall be withdrawn only by check signed by 2 members of the commission or by such other officers or employees of the commission as it may from time to time designate.

L.1970, c. 58, s. 4.