New Jersey § 40a:12a-61

§ 40a:12a-61.

The State of New Jersey does hereby pledge to and covenant and agree with the holders

of any bonds issued pursuant to this act that the State will not limit or alter the

terms of any agreement, ordinance or resolution made in connection with the security

for and the issuance and sale of any bonds, so as to in any way impair the rights

or remedies of such holders, and will not modify in any way the exemption from taxation

provided for in this act, until the bonds, together with interest thereon, with interest

on any unpaid installments of interest, and all costs and expenses in connection with

any action or proceeding by or on behalf of such holders, are fully met and discharged

or provided for.