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This entry was published on 2014-09-22
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SECTION 8
No title
Bridges and Tunnels New York/New Jersey 47/31 (BAT) CHAPTER ROOT
§ 8. The amount payable by the port authority to the state of New
Jersey pursuant to sections five and six of this act shall be paid by
the port authority to the sinking fund commission created by said
chapter three hundred and fifty-two of the laws of New Jersey of
nineteen hundred twenty and said 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
commission upon the thirtieth day of June, nineteen hundred thirty-one,
or such other date as may be agreed upon by the said sinking fund
commission and the port authority, upon a voucher signed and audited by
the said sinking fund commission, which said commission is hereby
authorized to consummate said transaction; and the said moneys shall be
deposited in the said New Jersey Camden bridge-Holland tunnel sinking
fund, and shall for all purposes be deemed to be a part thereof and
subject to the appropriation of the moneys in the said sinking fund,
made by the aforesaid statutes of the state of New Jersey.

The income and interest received from or accruing upon the moneys in
the aforesaid New Jersey Camden bridge-Holland tunnel sinking fund, and
from the investment thereof, shall be set apart and held by the said New
Jersey Camden bridge-Holland tunnel sinking fund commission for the
payment of interest on New Jersey Camden bridge-Holland tunnel bonds,
and shall be subject to the appropriation made of moneys so set apart
and held, by the aforesaid statutes of the state of New Jersey, and
shall be applied to the payment of such interest.