12. Until permanent refunding bonds can be prepared, the issuing officials may, in their discretion, issue in lieu of the permanent refunding bonds, temporary refunding bonds in a form and with privileges as to registration and exchange for permanent refunding bonds as may be determined by the issuing officials.
N.J. Stat. Ann. § 49:2B-12
Temporary bonds
Known as the Refunding Bond Act
The act spans §§ 49:2B-1 to 49:2B-9 (21 sections).
L.1985,c.74,s.12.
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.