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Current as of February 19, 2021 | Updated by FindLaw Staff
6. (a) Such bonds shall recite that they are issued for the purpose set forth in section one of this act and that they are issued in pursuance of this act and that this act was submitted to the people of the state at the general election held in the month of November, one thousand nine hundred and thirty, and that it received the sanction of the majority of the votes cast for and against it at such election. Such recital in said bonds shall be conclusive evidence of the authority of the state to issue said bonds and to their validity. Any bonds containing such recital shall in any suit, action or proceeding involving their validity be conclusively deemed to be fully authorized by this act and to have been issued, sold, executed and delivered in conformity herewith and with all other provisions of statutes applicable thereto, and shall be incontestable for any cause.
(b) Such bonds shall be in such form and in such denomination as may be determined by the issuing officials. Said bonds may be coupon bonds or may be registered as to principal only with interest coupons attached, or may be registered as to both principal and interest.
Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 27 § 11-9(6) - last updated February 19, 2021 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-27-11-9-6/
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