New Jersey Acts Saved from Repeal ACTS SAVED 30 § 3-4(14)

14. Bonds issued hereunder shall mature in installments in the years commencing with the second year after the date of issue and ending in the thirty-fifth year from the date of issue. The installments falling due in the several years shall be so arranged that the total of the interest on all outstanding bonds for the year plus the amount of bonds falling due within such year shall be practically the same throughout each year of the series, provided that in order to avoid issuing bonds for fractions of one thousand dollars or to avoid having any of the bonds falling due within any year of the series in amount less than multiples of ten thousand dollars, the maturities may be arranged in multiples of ten thousand dollars.