New Jersey Statutes 18A:24-40. Cash premium not to exceed $1,000.00
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Terms Used In New Jersey Statutes 18A:24-40
- District: means a school district. See New Jersey Statutes 18A:1-1
The price for which bonds of any one issue of a type II district shall be sold shall not exceed by more than $1,000.00 the par value of the bonds of such issue offered for sale. In order that the amount bid at such sale shall not exceed such price, a sufficient number of the last maturing bonds shall be of the denomination of $1,000.00 or less.
L.1967, c.271.