State Codes and Statutes
Statutes > New-jersey > Title-40a > Section-40a-7 > 40a-7-1740A: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.