[HISTORY: Adopted by the Mayor and Council of the Borough of Maywood:
Art. I, 11-21-72.[1] Amendments noted where applicable.]
[1]
Editor's Note: The provisions of this Article are derived from
Ch. 10, Art. 2, of the former Revised Ordinances adopted 11-21-72 as Ord.
No. 659.
[Adopted 11-21-72]
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 six percent (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.
