New Jersey Statutes 40:5-2.5. Raising and appropriating money to relieve loss from general conflagration by resolution
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Terms Used In New Jersey Statutes 40:5-2.5
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Any county, borough, township, city, village or other municipality may raise and appropriate said moneys by resolution as aforesaid, notwithstanding the provisions of sections 40:1-14 and 40:1-15 of the Revised Statutes of New Jersey; provided, that in the next annual budget of such county and borough, township, city, village or other municipality a similar amount shall be included to retire and pay off the obligation or obligations so incurred.
L.1941, c. 48, p. 130, s. 5, eff. April 23, 1941.