New Jersey § 5:10-15

§ 5:10-15.

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

of any bonds or notes issued pursuant to authority of the act that the State will

not limit or alter the rights or powers hereby vested in the authority to acquire,

construct, maintain, improve, repair and operate a project in any way that would jeopardize

the interest of such holders, or to perform and fulfill the terms of any agreement

made with the holders of such bonds or notes, or to fix, establish, charge and collect

such rents, fees, rates or other charges as may be convenient or necessary to produce

sufficient revenues to meet all expenses of the authority and fulfill the terms of

any agreement made with the holders of such bonds and notes, together with interest

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

in connection with any action or proceedings by or on behalf of such holders, until

the bonds, together with interest thereon, are fully met and discharged or provided

for.