New Jersey § 32:8-7

§ 32:8-7.

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

with each other and with the holders of any bonds or other obligations of the commission,

for which tolls, rents, rates, or other revenues have been pledged, that, so long

as any of said bonds or obligations remain outstanding and unpaid (unless adequate

provision is otherwise made by law for the protection of those advancing moneys upon

such bonds or obligations), the state of New Jersey and the commonwealth of Pennsylvania

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

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

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

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

for which tolls, rents, rates or other revenues shall have been pledged, that the

said state and commonwealth will not authorize or permit the construction, operation

and maintenance of any additional bridge or tunnel for the transportation of passengers

by vehicles over the Delaware river by any other person or body, than the commission,

within a distance of ten miles in either direction from any such toll bridges, measured

along the boundary line between the said state and the said commonwealth.