New Jersey § 32:1-109

§ 32:1-109.

The moneys appropriated by this act shall be applied by the port authority to the

construction of the bridge hereinbefore mentioned and purposes incidental thereto

and to no other purpose whatsoever. The balance of the money needed for the construction of the said bridge and incidental

purposes shall be raised by the port authority on its own obligations secured by the

pledge of the revenues and tolls arising out of the use of the said bridge, all in

accordance with the provisions of the laws authorizing and governing the construction

and operation of the said bridge. As security for obligations so issued and the moneys so appropriated, the revenues

and tolls arising out of the use of the said bridge shall be pledged to the repayment

of the entire issue of bonds and other securities for the construction thereof, together

with the interest and the repayment of the moneys appropriated by the state; it being

the declared policy of the state that the said bridge, so far as the payment of the

bonds or other securities issued for the construction thereof, together with the repayment

of the moneys advanced by the state are concerned, shall in all respects be self-sustaining;

and the port authority shall charge and maintain revenues and tolls for the use of

the said bridge until all bonds and other securities issued for the construction thereof

shall have been paid, and until the moneys advanced as aforesaid by the states of

New Jersey and New York shall have been repaid.