State Codes and Statutes

Statutes > New-jersey > Title-40 > Section-40-3 > 40-3-1

40:3-1. Definitions For the purposes of this chapter, bonds which are payable in installments in successive years during at least three-quarters of the period covered by the term of the whole issue, shall be known as "serial bonds" . All other bonds shall be known as "term bonds" .

The term "governing body" as used in this chapter means the board or body having charge and control of the finances of the municipality, county or school district.

State Codes and Statutes

Statutes > New-jersey > Title-40 > Section-40-3 > 40-3-1

40:3-1. Definitions For the purposes of this chapter, bonds which are payable in installments in successive years during at least three-quarters of the period covered by the term of the whole issue, shall be known as "serial bonds" . All other bonds shall be known as "term bonds" .

The term "governing body" as used in this chapter means the board or body having charge and control of the finances of the municipality, county or school district.