State Codes and Statutes

State Codes and Statutes

Statutes > New-jersey > Title-40 > Section-40-23 > 40-23-27

40:23-27.  Advertisement for bids where value exceeds $1,000
    Whenever it is reasonably apparent that the value of such personal property,  except live stock, about to be disposed of at any one time or in the course of  any one transaction is likely to exceed one thousand dollars ($1,000.00), the  board of chosen freeholders shall publicly advertise for bids in the manner  provided in section 40:25-8 of this Title and shall sell the property to the  highest bidder.

     Amended by L.1947, c. 106, p. 532, s. 1, eff. May 6, 1947.