27:19-45 - Replacement or reconstruction of bridges or approaches; powers of commission - New Jersey Statutes

27:19-45.  Replacement or reconstruction of bridges or approaches; powers of commission
    Notwithstanding any of the provisions of the article of which this act is a  supplement, any county bridge commission created pursuant to said article shall, upon obtaining the consent of its board of chosen freeholders, have the power and be authorized to:

    a.  Replace or reconstruct in whole or in part any bridge or bridges and approaches thereto owned or operated by said commission on the effective date of this act, or thereafter acquired, including any such bridge or bridges and approaches thereto extending within the limits of any state other than the State of New Jersey;  and

    b.  In connection with the replacement or reconstruction of any bridge or bridges and approaches thereto, pursuant to section a. of this act, to demolish  or dispose of any such bridge or bridges and approaches owned or operated by  said commission on the effective date of this act, or thereafter acquired,  including any such bridge or bridges and approaches thereto extending within  the limits of any state other than the State of New Jersey; and

    c.  In connection with the replacement or reconstruction of any bridge or bridges and approaches thereto pursuant to subsection a. of this section, to issue bonds, notes or other evidences of indebtedness payable only from toll revenues and other income from whatever sources derived and other assets of said commission;  provided that use of such toll revenues, income and assets of  said commission will not in any manner impair, alter or abrogate any rights and  remedies of holders of other bonds, notes or other evidences of indebtedness  issued by said commission.

     L.1975, c. 266, s. 1, eff. Dec. 22, 1975.