New Jersey § 32:11d-69

§ 32:11d-69.

The commission may determine and enter into indentures providing for the principal

amount, date or dates, maturities, interest rate, denominations, form, registration,

transfer, interchange and other provisions of the bonds and coupons and the terms

and conditions upon which the same shall be executed, issued, secured, sold, paid,

redeemed, funded and refunded. The resolution of the commission authorizing any bond or any indenture so authorized

under which the bonds are issued may include all such covenants and other provisions

other than any restriction on the regulatory powers vested in the commission by this

compact as the commission may deem necessary or desirable for the issue, payment,

security, protection or marketing of the bonds, including without limitation covenants

and other provisions as to the rates or amounts of fees, rents and other charges to

be charged or made for use of the facilities; the use, pledge, custody, securing,

application and disposition of such revenues, of the proceeds of the bonds, and of

any other moneys of the commission; the operation, maintenance, repair and reconstruction

of the facilities and the amounts which may be expended therefor; the sale, lease

or other disposition of the facilities; the insuring of the facilities and of the

revenues derived therefrom; the construction or other acquisition of other facilities;

the issuance of additional bonds or other indebtedness; the rights of the bondholders

and of any trustee for the bondholders upon default by the commission or otherwise;

and the modification of the provisions of the indenture and of the bonds. Reference on the face of the bonds to such resolution or indenture by its date of

adoption or the apparent date on the face thereof is sufficient to incorporate all

of the provisions thereof and of this compact into the body of the bonds and their

appurtenant coupons. Each taker and subsequent holder of the bonds or coupons, whether the coupons are

attached to or detached from the bonds, has recourse to all of the provisions of the

indenture and of this compact and is bound thereby.