New Jersey § 32:2-23

§ 32:2-23.

(a) The Port Authority is authorized and empowered to enter into an agreement with

the Triborough Authority (and from time to time to enter into agreements amending

the same) for the design, location, financing, construction, maintenance and operation

of the Narrows Bridge and any other matters of like or different character with respect

to the Narrows Bridge, and by which the Port Authority may grant, convey, lease or

otherwise transfer to the Triborough Authority or to the city of New York for the

use and occupancy of the Triborough Authority any right, title or interest of the

Port Authority in the Narrows Bridge and in any part or parts thereof, upon such terms

as may be determined by the Port Authority and the Triborough Authority, including

but not limited to agreement as to the method of fixing the tolls, rents, charges

and other fees and the rules for the regulation of the use of the bridge. (b) So long as the Port Authority shall retain title to the Narrows Bridge, it shall,

so far as it deems it practicable, treat as a single unified operation the effectuation

of the Narrows Bridge, the interstate bridges and tunnels now operated by the Port

Authority and any other bridges or tunnels which it may construct or operate, raising

moneys for the construction thereof and for the making of additions and improvements

thereto in whole or in part upon its own obligations, and, except as provided in such

agreement or any amendment thereof, establishing and levying such tolls, rents, charges

and other fees as it may deem necessary to secure from all of such bridges and tunnels

as a group at least sufficient revenue to meet the expenses of the effectuation of

such bridges and tunnels as a group, and to provide for the payment of the interest

upon and amortization and retirement of and the fulfillment of the terms of all bonds

which it may have issued in connection therewith. Except as provided in such agreement or any amendment thereof, no other agency or

commission of either State shall have jurisdiction over the Narrows Bridge so long

as the Port Authority shall retain title thereto, and, except as so provided, all

details of the design, location, financing, construction, leasing, tolls, rents, charges

and other fees, contracts, maintenance and operation of and rules for the regulation

of the use of the Narrows Bridge so long as the Port Authority shall retain title

thereto shall be within its sole discretion and its decision in connection with any

and all matters concerning such bridge shall be controlling and conclusive. (c) The States of New York and New Jersey hereby consent to suits, actions or proceedings

against the Port Authority upon, in connection with or arising out of such agreement

or any amendment thereof, by the Triborough Authority, or by the city if and to the

extent that such agreement or any amendment thereof shall create rights in the City

of New York, as follows: (1) For judgments, orders or decrees restraining or enjoining the Port Authority from

transferring title to real property to other persons in cases where it has agreed

with the Triborough Authority to transfer such title to the Triborough Authority or

to the city of New York for the use and occupancy of the Triborough Authority, and (2) For judgments, orders or decrees restraining or enjoining the Port Authority from

committing or continuing to commit other breaches of such agreement or any amendment

thereof; provided, that such judgment, order or decree shall not be entered except

upon 2 days' prior written notice to the Port Authority of the proposed entry thereof;

and provided further, that upon an appeal taken by the Port Authority from such judgment,

order or decree the service of the notice of appeal shall perfect the appeal and shall

stay the execution of such judgment, order or decree appealed from, without an undertaking

or other security. Nothing herein contained shall be deemed to revoke, rescind or affect any consents

to suits, actions or proceedings against the Port Authority heretofore given by the

2 said States in chapter 301 of the laws of New York of 1950 1 and chapter 204 of the laws of New Jersey of 1951. 2 1

McKinney's Unconsol.Laws, § 7101 et seq. 2

N.J.S.A. § 32:1-157 et seq.