State Codes and Statutes

Statutes > New-jersey > Title-43 > Section-43-10 > 43-10-104

43:10-104. Management and control of fund; investment
The board of chosen freeholders of said county shall have the management and control of said fund and is hereby empowered to make all necessary rules and regulations concerning the same not inconsistent with this act; all moneys not needed for the immediate payment of such pensions shall be invested by the said board of chosen freeholders in interest-bearing bonds of any municipality of this State or in any other interest-bearing securities in which savings banks of this State are authorized to invest their funds.

L.1938, c. 330, p. 843, s. 12.

State Codes and Statutes

Statutes > New-jersey > Title-43 > Section-43-10 > 43-10-104

43:10-104. Management and control of fund; investment
The board of chosen freeholders of said county shall have the management and control of said fund and is hereby empowered to make all necessary rules and regulations concerning the same not inconsistent with this act; all moneys not needed for the immediate payment of such pensions shall be invested by the said board of chosen freeholders in interest-bearing bonds of any municipality of this State or in any other interest-bearing securities in which savings banks of this State are authorized to invest their funds.

L.1938, c. 330, p. 843, s. 12.