31:1-5. Canal and railroad securities sold under par
No bond, mortgage or other security for the payment of money, valid on its face, heretofore or hereafter made or issued by any railroad or canal corporation created by or under the laws of this state, shall be held, deemed or considered invalid because such bond, mortgage or other security may have been made, issued, sold, assigned or otherwise disposed of by such corporation below the par value thereof.
Structure New Jersey Revised Statutes
Section 31:1-1.1 - Loans; rate of interest; regulations; exceptions
Section 31:1-2 - Persons offending may be examined as witnesses
Section 31:1-3 - Forfeiture of all interest; deduction from recovery
Section 31:1-4 - Borrower may compel discovery, and acceptance of principal alone
Section 31:1-5 - Canal and railroad securities sold under par
Section 31:1-7 - Interest rate limitations applicable to counties, municipalities, etc.; suspension