New Jersey § 13:17-27

§ 13:17-27.

The State does pledge to and agree with the holders of the bonds or notes issued pursuant

to the provisions of this act that the State will not, without the commission's prior

consent enlarge, limit or restrict any of the rights and powers hereby vested in the

commission to maintain, acquire, construct, improve, reconstruct, repair and operate

any project as defined in this act, nor will the State limit or restrict the fixing,

establishment and collection by the commission of such fees, assessments and charges

as may be convenient or necessary to produce sufficient revenues to meet the expenses

of the commission and to fulfill the terms of any agreements made with the holders

of bonds or notes authorized by this act, nor will the State in any way impair the

rights or remedies of the holders of such notes or bonds, or modify in any way the

exemption from taxation provided in this act until the notes and bonds, together with

interest thereon, with interest on any unpaid installments of interest, and all costs

in connection with any action or proceeding in behalf of such bondholders are fully

paid and discharged or provided for.