58:5-39 - Property held by a commission under the original act not subject to certain claims - New Jersey Statutes

58:5-39.  Property held by a commission under the original act not subject to certain claims
    No trustee or receiver appointed under this act, and no holder of any bond or coupon or other obligation issued pursuant to this act, no contracting municipality or person having any right or interest in any project acquired or constructed under this act and no creditor or other claimant whose claim arises  out of or in connection with the acquisition, construction, operation or  ownership of any project by a commission under or pursuant to this act, shall  acquire or have any rights whatsoever against any part of any water supply or  water supply system acquired or operated by a commission for and on behalf of  one or more participants pursuant to the provisions of the original act or any  agreements thereunder.  No moneys or other property received by a commission  for payment of the costs of acquiring, constructing, maintaining or operating a particular water supply system shall be used for or in connection with any other water supply system or project.

     L.1962, c. 167, s. 9.