40A:2-34. Power of financial officer to sell bonds The governing body, by resolution, may designate a financial officer of the local unit to sell and award bonds in accordance with the advertised terms of public sale. The financial officer making any such sale shall report in writing to the governing body at the next meeting thereof as to the principal amount, interest rate, and maturities of the bonds sold, the price obtained and the name of the purchaser. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
New Jersey Legal Code