New Jersey Statutes 18A:6-49. Perpetual succession; powers
Terms Used In New Jersey Statutes 18A:6-49
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
- Personal property: includes goods and chattels, rights and credits, moneys and effects, evidences of debt, choses in action and all written instruments by which any right to, interest in, or lien or encumbrance upon, property or any debt or financial obligation is created, acknowledged, evidenced, transferred, discharged or defeated, in whole or in part, and everything except real property as herein defined which may be the subject of ownership. See New Jersey Statutes 1:1-2
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
a. To make, amend and repeal rules, regulations and bylaws for its own government and guidance not inconsistent with this title;
b. To adopt an official seal and alter the same at pleasure;
c. To maintain an office at such place or places within the state as it may designate;
d. To sue and be sued in its own name;
e. To borrow money, to issue bonds or notes therefor, and to secure the same by pledge or mortgage of its real and personal property;
f. To acquire, hold and dispose of real and personal property in the exercise of its powers and the performance of its duties under this article. All such property shall be exempt from taxation under chapter 4 of Title 54, Taxation, of the Revised Statutes.
L.1967, c.271.