New Jersey § 32:11d-64

§ 32:11d-64.

The commission may borrow money for any of the purposes of this compact, and may issue

its negotiable bonds and other evidences of indebtedness in respect thereto. All such bonds and evidences of indebtedness shall be payable solely out of the

properties and revenues of the commission without recourse to taxation. The bonds and other obligations of the commission, except as may be otherwise provided

in the indenture under which they were issued, shall be direct and general obligations

of the commission and the full faith and credit of the commission are hereby pledged

for the prompt payment of the debt service thereon and for the fulfillment of all

other undertakings of the commission assumed by it to or for the benefit of the holders

thereof.