18A:20-39 - Securities not to be canceled; sale; resolution
18A:20-39. Securities not to be canceled; sale; resolution
Securities of a school district, purchased by it, shall not be canceled but may be sold as and when directed by resolution adopted by a majority vote of all the members of the board of education.
L.1977, c. 177, s. 3, eff. Aug. 16, 1977.