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New Jersey Acts Saved from Repeal ACTS SAVED 46 § 7-9(10)

Current as of January 01, 2024 | Updated by Findlaw Staff

10. If the capital of such company shall not be sufficient to buy the land and build and improve the same as hereinbefore provided; it shall be lawful for any such company to borrow money at any rate of interest not exceeding seven per cent per annum, for such purposes, and to mortgage their entire property therefor; provided, that the mortgage shall at no time exceed the capital paid in of said company.

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Cite this article: FindLaw.com - New Jersey Acts Saved from Repeal ACTS SAVED 46 § 7-9(10) - last updated January 01, 2024 | https://codes.findlaw.com/nj/acts-saved-from-repeal/nj-st-sect-acts-saved-46-7-9-10/

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