18A:24-47 - Payment to custodian;  application

18A:24-47.  Payment to custodian;  application
    The proceeds of any bonds authorized and issued under this chapter shall be  paid to the custodian of school moneys of the district, who shall, in no event,  disburse them except to pay the expenses of issuing and selling the bonds and  for the purpose or purposes for which the bonds were issued and for temporary  investment as and in the manner prescribed by law, pending the carrying out of  the purpose or purposes for which the bonds were issued and for such other  purpose or purposes as are prescribed in this article.
 
L.1967, c.271.