New Jersey § 32:1-64

§ 32:1-64.

The state of New Jersey (the state of New York by appropriate legislation concurring

herein) does pledge to and agree with those subscribing to the obligations issued

by the port authority for the construction of the said bridges and incidental purposes

that the state will not authorize the construction or maintenance of any other highway

crossings for vehicular traffic on the waters of the Arthur Kill, between the two

states in competition with the said bridges, nor will it limit or alter the rights

now vested in the port authority to establish and levy such charges and tolls as it

may deem convenient or necessary to produce sufficient revenue to meet the expense

of maintenance and operation and to fulfill the terms of the obligations assumed by

it in relation to such bridges until the said obligations, together with interest

thereon, are fully met and discharged; provided that such crossings shall be considered

as competitive with the bridges across the Arthur Kill only if they shall form a highway

connection for vehicular traffic between the two states across or under the Arthur

Kill; and provided further, that nothing herein contained shall preclude the authorization

of such additional interstate crossings if and when adequate provision shall be made

by law for the protection of those advancing money upon the obligations of the port

authority for the construction of the bridges mentioned in paragraph one hereof 1 or incidental purposes. 1

N.J.S.A. § 32:1-60.