New Jersey Statutes 18A:56-11. Investment in bonds secured by mortgages
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Terms Used In New Jersey Statutes 18A:56-11
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
No part of the principal or interest of the fund shall be invested in bonds secured by mortgage on lands except as hereinafter provided in the case of purchase money mortgages.
L.1967, c.271