New Jersey Statutes Title 18A. Education 18A § 24-22

a. In the case of an ordinance--

The authorization of the $․․․․․․․․ (insert amount of bonds to be issued) bonds provided for by this ordinance uses up $․․․․․․․․ (insert amount of borrowing margin to be used) of the $․․․․․․․․ (insert amount of borrowing margin before adoption of ordinance) borrowing margin of the ․․․․․․․․․․․․․․․․․․․․ (insert name of municipality) previously available for other improvements;

b. In the case of a proposition confirming an ordinance--

Shall the ordinance of the ․․․․․․․․․․․․․․․․․․․․ (insert name of municipality) adopted on ․․․․․․․․․․․․․․․․․․․․ (insert date of adoption) authorizing the issuance of $․․․․․․․․ (insert amount of bonds to be issued) bonds for school purposes and using up $․․․․․․․․ (insert amount of borrowing margin to be used) of the $․․․․․․․․ (insert amount of borrowing margin before adoption of ordinance) borrowing margin of the ․․․․․․․․․․․․․․․․․․․․ (insert name of municipality) previously available for other improvements be approved;

c. In the case of a resolution--

Resolved that the board of education does hereby determine, subject to the approval of the legal voters of the district:

To * * *; and

To issue bonds of the school district for said purpose (or purposes) in the principal amount of $․․․․․․․․ (insert amount of bonds to be issued), thus using up $․․․․․․․․ (insert amount of borrowing margin to be used) of the $․․․․․․․․ (insert amount of borrowing margin before adoption of resolution) borrowing margin of the ․․․․․․․․․․․․․․ (insert name of municipality) previously available for other improvements, and (if there be other municipality or municipalities comprised within such school district) $․․․․․․․․ (insert amount of borrowing margin to be used) of the $․․․․․․․․ (insert amount of borrowing margin before adoption of proposal) borrowing margin of the ․․․․․․․․․․ (insert name of municipality), et cetera, et cetera.