40:37-95.31 - Funds for land and improvements;Ā limitation upon obligations
40:37-95.31.Ā Funds for land and improvements;Ā limitation upon obligations
In addition to any other funds or moneys provided for the purposes of the act to which this act is a supplement, the board of chosen freeholders of the county may provide funds for land and improvements by the commission or for theĀ payment of notes previously authorized or issued to provide such funds, by theĀ issuance of bonds or other obligations of the county in pursuance of article 1Ā of chapter 1 of this Title 40 (Section 40:1-1 et seq.), but in no case shallĀ the amount of such bonds or other obligations, both authorized and outstandingĀ at any one time, exceed in the aggregate the sum of $3,000,000.00, plus theĀ amount of any funds on hand applicable to the payment of the principal of suchĀ outstanding bonds or other obligations.
L.1954, c. 247, p. 907, s. 1.
Ā
In addition to any other funds or moneys provided for the purposes of the act to which this act is a supplement, the board of chosen freeholders of the county may provide funds for land and improvements by the commission or for theĀ payment of notes previously authorized or issued to provide such funds, by theĀ issuance of bonds or other obligations of the county in pursuance of article 1Ā of chapter 1 of this Title 40 (Section 40:1-1 et seq.), but in no case shallĀ the amount of such bonds or other obligations, both authorized and outstandingĀ at any one time, exceed in the aggregate the sum of $3,000,000.00, plus theĀ amount of any funds on hand applicable to the payment of the principal of suchĀ outstanding bonds or other obligations.
L.1954, c. 247, p. 907, s. 1.
Ā