N.J. Stat. § 40:68A-46: Sale of bonds; interest

Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum.

L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.