32:1-35.2 - Consent of municipality or public authority to acquisition of property; existing indebtedness - New Jersey Statutes

32:1-35.2.  Consent of municipality or public authority to acquisition of property;  existing indebtedness
    Nothing herein contained shall be construed to authorize the Port Authority  to acquire any air terminal owned or operated by any city or other municipality  or public authority, or any other property now or hereafter vested in or held  by any city or other municipality or public authority, without the authority or  consent of such city or other municipality or public authority, as provided in  the Compact of April thirtieth, one thousand nine hundred and twenty-one,  between the State of New Jersey and New York, nor shall anything herein impair  or invalidate in any way any bonded indebtedness of the State, or any city or  other municipality or public authority, nor impair the provisions of law regulating the payment into sinking funds of revenue derived from municipal property, or dedicating the revenues derived from municipal property to a specific purpose.

     L.1947, c. 43, p. 117, s. 2.