[HISTORY: Adopted by the Township Council of the Township of Pohatcong 7-17-2012 by Ord. No. 12-06. Amendments noted where applicable.]
As used in this chapter, the following terms shall have the meanings indicated:
BOND ORDINANCE
An ordinance, adopted by the governing body, authorizing bonds or notes pursuant to the Local Bond Law[1] except:
A. 
Refunding bonds issued pursuant to N.J.S.A 40A:2-51.
B. 
Emergency notes, special emergency notes or bonds issued with respect to emergency appropriations authorized pursuant to N.J.S.A. 40A:4-51, 40A:4-55.8 and 40A:4-55.16.
C. 
The issuance of notes or other obligations for payment of any judgment against the Township resulting from an order of the court pursuant to N.J.S.A. 40A:4-55.19.
D. 
The issuance of bonds, notes or other obligations for the acquisition of open space, recreation, historic preservation or farmland preservation.
[Added 3-18-2014 by Ord. No. 14-03]
[1]
Editor's Note: See N.J.S.A. 40A:2-1 et seq.
A. 
Any bond ordinance that would increase the amount of the Township's existing debt by more than $950,000 must be introduced and adopted by the unanimous, affirmative vote of the entire Mayor and Council. In the absence thereof, any such bond ordinance shall be submitted to the voters for approval or rejection pursuant to the referendum provisions set forth in N.J.S.A. 40:69A-185 et seq.
[Amended 9-15-2020 by Ord. No. 20-09
B. 
Bond referendum questions shall be submitted in the following form:
"Shall the bond ordinance, approved by the governing body, which authorizes the governing body to issue bonds in the amount of $_____ to provide moneys for (insert purpose of bonds) and providing the ways and means to pay the interest on the debt and also to pay and discharge the principal of the bonds, which ways and means shall be (insert funding sources used to pay principal and interest on bonds), be approved?"