State Codes and Statutes

Statutes > New-jersey > Title-40a > Section-40a-7 > 40a-7-17

40A:7-17.  Indebtedness of annexed municipality apportioned    The municipality to which the territory shall be annexed, shall be liable to  pay a proper proportion of the bonded and other indebtedness of the municipality of which the annexed territory formerly formed a part, which portion of such indebtedness shall be ascertained in the manner hereinafter provided.

     L.1979, c. 181, s. 2, eff. Aug. 29, 1979.
 

State Codes and Statutes

Statutes > New-jersey > Title-40a > Section-40a-7 > 40a-7-17

40A:7-17.  Indebtedness of annexed municipality apportioned    The municipality to which the territory shall be annexed, shall be liable to  pay a proper proportion of the bonded and other indebtedness of the municipality of which the annexed territory formerly formed a part, which portion of such indebtedness shall be ascertained in the manner hereinafter provided.

     L.1979, c. 181, s. 2, eff. Aug. 29, 1979.
 

State Codes and Statutes

State Codes and Statutes

Statutes > New-jersey > Title-40a > Section-40a-7 > 40a-7-17

40A:7-17.  Indebtedness of annexed municipality apportioned    The municipality to which the territory shall be annexed, shall be liable to  pay a proper proportion of the bonded and other indebtedness of the municipality of which the annexed territory formerly formed a part, which portion of such indebtedness shall be ascertained in the manner hereinafter provided.

     L.1979, c. 181, s. 2, eff. Aug. 29, 1979.