32:1-35.29 - Consent of municipality to acquisition of property; existing indebtedness - New Jersey Statutes

32:1-35.29.  Consent of municipality to acquisition of property; existing indebtedness
    Nothing herein contained shall be construed to authorize the Port Authority  to acquire any marine terminal owned or operated by any municipality or any  other property now or hereafter vested in or held by any municipality, without  the authority or consent of such municipality as provided in the compact of  April thirtieth, one thousand nine hundred and twenty-one, between the States  of New Jersey and New York, nor shall anything herein impair or invalidate in  any way any bonded indebtedness of the State, or any municipality, 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. 44, p. 141, s. 2.