18A:13-28 - Authorization of bonds upon formation of regional district

18A:13-28.  Authorization of bonds upon formation of regional district
    The board of education of each local district proposing to create or to join  in the creation of the regional district or the board of education of any  regional district and of each local district proposing to unite to enlarge the  regional district may adopt identical resolutions authorizing the issuance of  bonds of such proposed or enlarged regional district, in such amount or  amounts, and for such of the purposes described in section 18A:24-5 as they  shall determine upon and there may be submitted, as part of the proposal for  the creation or enlargement of the regional district the approval of the  authorization of the issuance of such bonds.  If the provisions of sections  18A:24-24 through 18A:24-27 are applicable to such issuance of bonds, a copy of  such resolutions shall be submitted, prior to such election, for consideration  by the commissioner and the local finance board under and for all the purposes  of said sections and no such authorization shall be submitted in any such case  except it be approved for submission as provided in said sections.  If the  proposal containing such authorization shall be approved by referendum in each  of such districts such resolutions shall after such vote be authority for the  issuance of bonds of such regional district to the amount and for the purpose  or purposes set forth therein, and from and after the date of, such vote, shall for all purposes of any provisions of this title, be deemed to constitute resolutions duly approved on said date by the local voters of such regional district authorizing the board of education thereof to issue bonds of such regional district for the purpose or purposes and in the amount or amounts set  forth in such proposal.

    If the regional district so created or enlarged is a limited purpose regional district, no school debt statement in relation to the issuance of such  bonds need be prepared and filed prior to the authorization of the issuance  thereof.
 
L.1967, c.271.