New Jersey Revised Statutes § 40:66a-11 - Rights Of Holders Of Temporary Bonds.

40:66A-11 Rights of holders of temporary bonds.

11.After sale of any revenue bonds pursuant to this act, the incinerator or environmental services authority shall have power to authorize the execution and issuance to the purchasers, pending the preparation of the definitive bonds, of interim certificates therefor or of temporary bonds or other temporary instruments exchangeable for the definitive bonds when prepared, executed and ready for delivery. The holders of such interim certificates, temporary bonds or other temporary instruments shall have all the rights and remedies which they would have as holders of the definitive bonds.

L.1948, c.348, s.11; amended 2012, c.31, s.13.

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Last modified: October 11, 2016