* § 158. Competing highways not to be authorized. The state of New
York does pledge to and agree with the holders of any bonds that the
state will not authorize the construction or maintenance of any parkway,
causeway, bridge, tunnel, street, road, highway or other connection for
vehicular traffic, which will be competitive with Jones Beach parkway,
nor will it limit or alter the rights hereby vested in the authority to
establish and collect such charges and tolls as may be convenient or
necessary to produce sufficient revenue to meet the expense of
maintenance and operation and fulfill the terms of any agreements made
with the holders of the bonds, or in any way impair the rights and
remedies of bondholders, until the bonds, together with interest
thereon, with interest on any unpaid installments of principal and
interest, and all costs and expenses in connection with any actions or
proceedings, by or on behalf of the bondholders, are fully met and
discharged; provided that a parkway, causeway, bridge, tunnel, street,
road, highway or other connection for vehicular traffic shall be
considered as competitive only if it shall form a connection for
vehicular traffic between the mainland of Long Island and the island of
Long Beach east of the most easterly point of the present city of Long
Beach or between the mainland of Long Island and the island on which
Jones Beach park is located west of the most easterly point of Oak
island, or between the island of Long Beach and the island on which
Jones Beach park is located. This section shall be effective only so
long as bonds issued by the authority prior to January first, nineteen
hundred thirty-nine shall be outstanding and unpaid.

* NB (Authority abolished June 30, 1978)