Pledging credit of states, counties or municipalities prohibited

  1. Law
  2. New Jersey Revised Statutes
  3. Interstate and Port Authorities and Commissions
  4. Pledging credit of states, counties or municipalities prohibited

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32:8-5. Pledging credit of states, counties or municipalities prohibited

ARTICLE IV.

Notwithstanding any provision of this agreement, the commission shall have no power to pledge the credit of the state of New Jersey, or of the commonwealth of Pennsylvania, or of any county, city, borough, village, township and other municipality of said state or commonwealth, or to create any debt against said state or commonwealth or any such municipality.


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