New Jersey Acts Saved from Repeal ACTS SAVED 40 § 141-1(24)

2. Should the legal electors of such town, incorporated borough, camp meeting association or other municipal commission at such election vote an additional sum for such waterworks, that it shall be the duty of the board of commissioners or other governing board or body of such town, incorporated borough, camp meeting association or other municipal commission to issue the bonds of said town, incorporated borough, camp meeting association or other municipal commission for said sum, said bonds to bear a rate of interest not exceeding the legal rate, payable semiannually, the principal thereof to be payable in thirty years from the date thereof, or sooner, at the option of said town, incorporated borough, camp meeting association or other municipal commission, and it shall be the duty of the treasurer or other disbursing officer thereof to make sale of the bonds so issued at not less than their par value, and to pay the proceeds of said sales to said board of water commissioners, to be by them appropriated according to the provisions of said act; the purchaser or holder of said bonds, whether heretofore or hereafter issued, shall not be obliged to ascertain that the act to which this act is a supplement has been adopted at a special election, or that the sum for which said bonds are issued has been voted at a special election as provided in this act, but said bonds shall contain a recital that they are issued pursuant to this act, which recital shall be conclusive evidence of their validity and the regularity of their issue.