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This entry was published on 2014-09-22
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SECTION 6
No title
Bridges and Tunnels New York/New Jersey 47/31 (BAT) CHAPTER ROOT
§ 6. If the amount paid by the port authority to the state of New
Jersey pursuant to the preceding section of this act shall be less than
an amount which, together with the moneys then in the sinking fund
established by chapter three hundred and fifty-two of the laws of New
Jersey of nineteen hundred twenty and chapter two hundred and sixty-two
of the laws of New Jersey of nineteen hundred twenty-four, hereinafter
called the New Jersey Camden bridge-Holland tunnel sinking fund (other
than moneys set apart to pay interest for the then current year upon the
bonds of the state of New Jersey authorized by the aforesaid acts of the
state of New Jersey, hereinafter called New Jersey Camden bridge-Holland
tunnel bonds), will be equal to the principal amount of the then
outstanding New Jersey Camden bridge-Holland tunnel bonds, then and in
such event, the port authority shall in addition pay to the state of New
Jersey an amount which, together with the amount paid under and pursuant
to the preceding section hereof and the moneys then in said New Jersey
Camden bridge-Holland tunnel sinking fund, will be equal to the
principal amount of the then outstanding New Jersey Camden
bridge-Holland tunnel bonds; and shall, moreover, pay to the state of
New York a like amount.