The trustees for the support of public schools may arrange with any municipality to change any bonds owned by said trustees from coupon to registered bonds, and the municipality which issued the bonds may detach from the bonds the coupons thereon and cancel the same, and stamp upon the bonds the registration thereof, and make the necessary agreement for the payment of the interest thereon.
N.J. Stat. Ann. § 18A:56-9
Changing municipal bonds owned by trustees from coupon to registered
Known as the New Jersey School Bond Reserve Act
The act spans §§ 18–18 (21 sections).
L.1967, c.271.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.