Jack Kraft, ex-Cahill aide pioneered bond counsel law in New Jersey, dies at 86 – New Jersey Globe

John L. Kraft, a former aide to Gov. William T. Cahill who helped launch the specialised discipline of bond counsel and public finance regulation in New Jersey, died on June 28.  He was 86.

Ove the course of his authorized profession, Kraft was the bond counsel for 18 counties in New Jersey, in addition to tons of of municipalities, college boards, and state and native authorities.

Cahill named Kraft as his affiliate counsel lower than two weeks after turning into Governor in January 1970.  That place, now generally known as deputy chief counsel, was second in command behind Cahill’s chief counsel, Pierre Garven.

Kraft developed an experience in public finance quickly after graduating from Yale Regulation College, and spent three years at Hawkins, Delafield and Wooden, a New York regulation agency that dealt with a lot of the bond counsel work for the state of New Jersey.   He later moved to a different New York agency that dealt with bond counsel work for the state, Mudge Rose.

Amongst his chief initiatives whereas working within the governor’s workplace was financing the New Jersey Sports activities and Exposition Authority’s development of a stadium, area and horse racing observe on the Meadowlands.

He left the Cahill administration in 1971 and based Kraft & Hughes, the primary regulation agency in New Jersey to specialise in bond counsel work.  He later took his experience to Kraft & McManimon, Lowenstein Sandler, and Waters, McPherson, McNeill.  He was the primary bond counsel for the New Jersey Financial Growth Authority.

Previous to becoming a member of the governor’s workplace, Kraft had been a member of the Matawan Republican Membership.  He had been a prime fundraiser for Gov. Tom Kean in 1981, and he remodeled $1.1 million in authorized charges on the EDA in 1982.

The Irvington native served within the U.S. Air Power between Georgetown College and Yale Regulation college.

A graduate of Georgetown College, Kraft’s first job was at Toner, Crowley, Woelper & Vanderbilt, a Newark agency the place future New Jersey Supreme Court docket Justice Arthur Vanderbilt had practiced.  His time at Mudge Rose in 1969 had instantly adopted the departure of Richard Nixon to develop into the thirty seventh President of the US, and John Mitchell to function his U.S. Legal professional Normal.

Kraft is survived by his spouse of 63  years, Anne (generally known as Pleasure), and his kids, grandchildren and great-grandchildren.  He was predeceased by two of his sons.