40A:2-34 - Power of financial officer to sell bonds
40A:2-34.Ā Power of financial officer to sell bonds
The governing body, by resolution, may designate a financial officer of theĀ local unit to sell and award bonds in accordance with the advertised terms ofĀ public sale.Ā The financial officer making any such sale shall report inĀ writing to the governing body at the next meeting thereof as to the principalĀ amount, interest rate, and maturities of the bonds sold, the price obtained andĀ the name of the purchaser.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
Ā
The governing body, by resolution, may designate a financial officer of theĀ local unit to sell and award bonds in accordance with the advertised terms ofĀ public sale.Ā The financial officer making any such sale shall report inĀ writing to the governing body at the next meeting thereof as to the principalĀ amount, interest rate, and maturities of the bonds sold, the price obtained andĀ the name of the purchaser.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
Ā