New Jersey Acts Saved from Repeal ACTS SAVED 52 § 8-1(2)

2. That the boards of chosen freeholders of the several counties in this state, or any person or persons duly authorized by them, be and they are hereby authorized to loan and reloan, within this state, giving a preference to the citizens of their respective counties, all such sums of money that may be received by virtue of this act, upon bond and mortgage or other good and sufficient security, as to them shall seem safe and proper, and to sue for and recover the same, with the interest due thereon, in their corporate name, and apportion and pay the interest to the several townships, in the ratio contained in the first section of this act, and for the benefit of said township, or the inhabitants thereof.