Borough of Cresskill, NJ
Bergen County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Mayor and Council of the Borough of Cresskill 1-1-1981 by Ord. No. 80-23-780 as Ch. 4 of the 1981 Code. Amendments noted where applicable.]

§ 9-1 Interest rates established.

All ordinances heretofore adopted authorizing the issuance of bonds or bonds and notes of the Borough and all resolutions authorizing the issuance of notes in anticipation of the issuance of bonds which recite that the bonds or notes thereby authorized shall bear interest at a rate which shall not exceed 6% per annum are hereby amended so as to recite that all such bonds and notes issued in anticipation of such bonds shall bear interest at a rate per annum within the limitations prescribed by law.