New Jersey Acts Saved from Repeal ACTS SAVED 32 § 7-2(4)

4. (a) Said bonds may recite that they are issued in pursuance of this act, and that this act was submitted to the people at the general election held in the month of November, one thousand nine hundred and twenty-four, and that it received the sanction of a majority of the votes cast for and against it at such election. Such recital in said bonds shall be conclusive evidence of the regularity of the issue of said bonds and of their validity.

(b) Such bonds shall be in such form as may be approved by the issuing officials. They shall be of the denomination of one thousand dollars or multiples thereof. They 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, as said officials shall determine.

(c) The holders of coupon bonds may be given the privilege of surrendering such bonds and receiving in lieu thereof registered bonds without coupons, or having such coupon bonds registered as to principal only. The holders of registered bonds may be given the privilege of surrendering such bonds and of receiving in lieu thereof either coupon bonds or new registered bonds of larger or smaller denomination. Upon the transfer of registered bonds, the bonds to be transferred shall be surrendered for cancellation and new registered bonds shall be issued to the transferee.

(d) The issuing officials are hereby authorized to make rules and regulations relating to the exchange and registration of bonds.