32:12-8 - Request by resolution to proceed with construction; limitation on cost - New Jersey Statutes

32:12-8.  Request by resolution to proceed with construction; limitation on  cost
    Not later than one year after the receipt by each of the governing bodies of  such counties of such plans, specifications and estimates, they may by proper  resolution request the commission to proceed with the construction of the  bridge or tunnel, but one-half of the total cost thereof shall not exceed three  per cent of the tax ratables of the real and personal property of the counties  for the last preceding year.  The resolution shall be in such form and of such  effect as to obligate each of the counties for the amounts agreed to be paid by  them in the resolution.