New Jersey § 32:3-10

§ 32:3-10.

The commonwealth of Pennsylvania and the state of New Jersey hereby covenant and agree

with each other and with the holders of any bonds or other securities or obligations

of the commission for which there may or shall be pledged the tolls, rents, rates

or other revenues, or any part thereof, of any property or facility owned, operated

or controlled by the commission (including the said bridge across the Delaware river

and the facilities for the transportation of passengers across the said bridge) that

(so long as any of said bonds or other securities or obligations remain outstanding

and unpaid, and unless and until adequate provision is made by law for the protection

of those advancing money upon such obligations) the commonwealth and the said state

will not diminish or impair the power of the commission to own, operate or control

said properties and facilities or to establish, levy and collect tolls, rents, rates

and other charges in connection with such properties or facilities. The commonwealth of Pennsylvania and the state of New Jersey hereby covenant and agree

with each other and with the holders of any bonds or other securities or obligations

of the commission for which the tolls, rents, rates or other revenues, or any part

thereof, of the aforesaid existing bridge across the Delaware river shall have been

pledged, that the said commonwealth and the said state will not authorize or permit

the authorization of the construction, operation or maintenance of any additional

vehicular bridge or tunnel, or any additional bridge or tunnel having railroad or

other facilities for the transportation of passengers, between the said commonwealth

and the said state, over or under the Delaware river, by any other person or body

than the commission, within a distance of ten miles in either direction from the said

bridge, measured along the boundary line between the said commonwealth and the said

state.