New Jersey § 58:14-34

§ 58:14-34.

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

of any bonds that the State will not limit or alter the rights hereby vested in the

commissioners to acquire, construct, maintain, reconstruct and operate the sewerage

system and to fulfill the terms of any agreement made with the holders of such bonds

or other obligations, and will not in any way impair the rights or remedies of such

holders, and will not modify in any way the exemptions from taxation provided for

in this act, 1 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; provided that such

pledge to and covenant and agreement with the holders of any bonds issued on or after

January 1, 1971 does not prohibit authorization hereafter for the commissioners, notwithstanding

any other provision of this act 2 or of the original act 3 or acts amendatory thereof or supplemental thereto, to apportion the cost and expense

of maintenance, repair and operation of the sewerage system (as in section 11 4 hereof referred to and described) among the contracting municipalities and other

users thereof, upon any basis or bases in addition to or other than the proportion

of the amount of sewage by them delivered and discharged into the sewerage system. 1

N.J.S.A. § 58:14-34.10 et seq. 2

L.1971, c. 141, §§ 1 to 5 (§§ 58:14-34.11, 58:14-34.14, 58:14-34.16, 58:14-34.20,

58:14-34.24). 3

N.J.S.A. § 58:14-34.10 et seq. 4

N.J.S.A. § 58:14-34.20.