The town of Roseland is in danger of running out of money.
On Friday, the Town Council approved a plan to borrow some $200-thousand to make ends meet.
Roseland will have to put up the Town Hall as collateral.
There are indications that some lenders consider Roseland to be a significant risk.
Discussions at the Town Council meeting indicate Roseland will be paying an interest rate in the neighborhood of nine percent.
About half of the $200-thousand would be spent to settle pending lawsuits against the town.
The rest would offset day to day expenses like payroll and utilities.