40A:2-63 - Application of chapter

40A:2-63.  Application of chapter
    Bonds or bond anticipation notes of any county or municipality authorized by  county bond resolution or municipal bond ordinance finally passed prior to the  effective date of this chapter in accordance with the provisions of the local  bond law, constituting sections 40:1-1 to 40:1-88 of the Revised Statutes, as  amended and supplemented, may be issued, sold or delivered as if this chapter  had not taken effect and in accordance with the provisions either of said law  or of this chapter for issuance, sale or delivery of bonds or bond anticipation  notes.

    Where any other law refers to the issuance of indebtedness in accordance with the provisions of chapter 1 of Title 40, it shall be taken to mean that the indebtedness shall be issued pursuant to this chapter.

    This chapter shall not affect or apply to the incurring of indebtedness or the issuance of bonds or notes for school purposes except as other laws may provide for the issuance of such bonds or notes pursuant to this chapter.

     L.1960, c. 169, s. 1, eff. Jan. 1, 1962.  Amended by L.1964, c. 72, s. 10.