New Jersey § acts:saved-32 - (51)

§ acts:saved-32. (51)

2. The net income and proceeds thereof and therefrom shall be paid to the sinking fund

commission for the purposes set forth by two acts entitled “An act authorizing the

creation of a debt of the state of New Jersey by the issuance of bonds of the state

in an amount not exceeding twenty-eight million dollars for the purpose of paying

the cost of extending the system of state highways by the construction of bridges

and tunnels for vehicular or other traffic across the Delaware and Hudson rivers,

or either of them; providing the ways and means to pay the interest of such debt

and also to pay and discharge the principal thereof; and providing for the submission

of this law to the people at a general election,” approved May eleventh, one thousand

nine hundred and twenty, and the other approved March fourteenth, one thousand nine

hundred and twenty-four.