38:25-2.Ā  Appropriations for payment of indebtedness
The governing body may make an appropriation in the annual budget or make anĀ  appropriation for and issue emergency notes as provided by section 40:2-31 ofĀ  the title Municipalities and Counties, or appropriate funds from the surplusĀ  revenues of such municipality for the payment of such indebtedness.
Ā