New Jersey § 58:5-56

§ 58:5-56.

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

of any bonds of a commission that the State will not limit or alter the rights hereby

vested in the commission to acquire, construct, maintain, reconstruct and operate

the project 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, 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.