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Section: Corporations, associations or societies; effect of repealer on existence, etc., thereof

Statute: 40:37B-18

Bonds and notes of an authority may be sold, as hereinafter provided, at public or private sale at such price or prices as the authority shall determine; provided, however, that the interest cost to their average maturity of the money received for any group of bonds sold in a single transaction (computed according to standard tables of bond values) shall not exceed 6% per annum. No obligations shall be sold for less than par value and interest accrued to date of delivery. L.1967, c. 136, s. 18, eff. June 28, 1967.

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