32:1-140.4. Legal investments
The bonds delivered by the Port Authority to either or both States pursuant to this act and the concurrent act of the State of New York, and any bonds, notes or other evidences of indebtedness issued by the Authority to provide moneys with which to make payments to either or both States pursuant to this act and the concurrent act of the State of New York, are hereby made securities in which all State and municipal officers and bodies of both States, all banks, bankers, trust companies, savings banks, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all administrators, executors, guardians, trustees and other fiduciaries, and all other persons whatsoever, who are now or may hereafter be authorized by either State to invest in bonds or other obligations of such State, may properly and legally invest any funds, including capital, belonging to them or within their control; and said obligations are hereby made securities which may properly and legally be deposited with and shall be received by any State or municipal officer or agency of either State for any purpose for which the deposit of bonds or other obligations of such State is now or may hereafter be authorized.
L.1946, c. 54, p. 127, s. 4.
Structure New Jersey Revised Statutes
Title 32 - Interstate and Port Authorities and Commissions
Section 32:1-2 - Co-operation pledged
Section 32:1-3 - Port district; legal name; boundaries
Section 32:1-4 - Port authority created
Section 32:1-5 - Commissioners; appointment; removal
Section 32:1-6.1 - Findings, declarations
Section 32:1-6.2 - Definitions
Section 32:1-6.3 - Rules, regulations
Section 32:1-6.4 - Port Authority deemed "agency," "public agency."
Section 32:1-6.5 - Severability.
Section 32:1-8 - Additional powers; annual report; pledging credit
Section 32:1-9 - Laws applicable to public utilities in effect
Section 32:1-10 - Municipal powers not impaired
Section 32:1-11 - Plans to be adopted
Section 32:1-12 - Supplements and amendments to comprehensive plan
Section 32:1-13 - Recommendations to legislatures and congress
Section 32:1-15 - Organization of commission
Section 32:1-16 - Appropriations for expenses
Section 32:1-17 - Quorum; veto power
Section 32:1-18 - Incurring obligations
Section 32:1-19 - Rules and regulations
Section 32:1-20 - Penalties for violations
Section 32:1-21 - State boundaries and jurisdiction
Section 32:1-22 - Withdrawal from agreement
Section 32:1-23 - Definitions; execution of compact
Section 32:1-26 - Principles to govern the development
Section 32:1-27 - Maps of bridges, tunnels and belt lines
Section 32:1-28 - Tunnels and bridges to form part of the plan
Section 32:1-29 - Manhattan service
Section 32:1-31 - Location, system and character of improvements
Section 32:1-32 - Changes in comprehensive plan
Section 32:1-34 - Appropriation
Section 32:1-35 - Effective date
Section 32:1-35.3 - Definitions
Section 32:1-35.4 - Port Authority regarded as performing essential governmental function
Section 32:1-35.5 - Exemption from taxes and assessments; payments in lieu thereof
Section 32:1-35.6 - General Reserve Fund, use of
Section 32:1-35.7 - Legal investments, bonds of Port Authority for air terminals as
Section 32:1-35.8 - Municipal property; use by Port Authority; suits
Section 32:1-35.9 - Condemnation proceedings
Section 32:1-35.10 - Federal aid for air terminals
Section 32:1-35.11 - State lands; lands under water; conveyance to Port Authority
Section 32:1-35.12 - Outstanding obligations; revenues pledged
Section 32:1-35.13 - Declarations, construction of
Section 32:1-35.14 - Statutory provisions as supplementary agreement; construction
Section 32:1-35.16 - Election to exercise option regarding legislation applying to Federal aid
Section 32:1-35.17 - Effective date
Section 32:1-35.17a - Viewers; appointment and proceedings; review of findings; view of property
Section 32:1-35.17b - Effective date
Section 32:1-35.18 - Acquisition of real property by condemnation for Teterboro Airport
Section 32:1-35.19 - Definitions
Section 32:1-35.20 - Mass transportation to terminals; development
Section 32:1-35.21 - Authorization to build railroad line to and facilities at terminals
Section 32:1-35.22 - Eminent domain
Section 32:1-35.23 - Agreements with other public entities
Section 32:1-35.24 - Severability
Section 32:1-35.25 - Findings and determinations
Section 32:1-35.26 - Access improvement projects; participation in effectuation
Section 32:1-35.27 - Agreement or agreements in relation to highway access improvement projects
Section 32:1-35.27a - Effective date
Section 32:1-35.27b - Findings and determinations
Section 32:1-35.27c - Railroad freight projects; effectuation of participation
Section 32:1-35.27d - Agreements with any legal entity; scope
Section 32:1-35.28 - Marine terminals; municipalities authorized to cooperate
Section 32:1-35.29 - Consent of municipality to acquisition of property; existing indebtedness
Section 32:1-35.30 - Definitions
Section 32:1-35.32 - Statutory provisions as supplementary agreement; construction
Section 32:1-35.33 - Condemnation proceedings, acquisition of real property by
Section 32:1-35.35 - Lands under water; conveyance by Division of Navigation
Section 32:1-35.36 - Effective date
Section 32:1-35.36a - Viewers; appointment and proceedings; review of findings; view of property
Section 32:1-35.36b - Effective date
Section 32:1-35.36c - Legislative findings and declarations
Section 32:1-35.36d - Marine terminal; obligations issued to provide funding
Section 32:1-35.36e - Powers of Port Authority
Section 32:1-35.36f - City of Hoboken project
Section 32:1-35.36k - Power to enter agreements
Section 32:1-35.36l - . Project at Hunter's Point, Queens county, City of New York
Section 32:1-35.36n - Annual report on waterfront development projects
Section 32:1-35.50 - Findings and determinations
Section 32:1-35.51 - Definitions
Section 32:1-35.52b - Remains to be used in memorial.
Section 32:1-35.53 - General reserve fund; bonds; revenues
Section 32:1-35.54 - Surplus revenues; excess balance in general reserve fund
Section 32:1-35.55 - Covenant with bondholders
Section 32:1-35.55b - Severability
Section 32:1-35.57 - Cooperation by states and agencies; agreements; powers; property
Section 32:1-35.58 - Suits, actions or proceedings
Section 32:1-35.59 - Effectuation of purposes of act as constituting essential governmental function
Section 32:1-35.60 - Taxes and assessments
Section 32:1-35.62 - Bonds as authorized investment
Section 32:1-35.63 - Property; public use; acquisition; condemnation
Section 32:1-35.64 - Entry upon property for purpose of surveys, etc.
Section 32:1-35.66 - Act as agreement supplementing compact; construction of powers
Section 32:1-35.67 - Severability
Section 32:1-35.68 - Effective date
Section 32:1-35.72 - Findings and determinations
Section 32:1-35.73 - Definitions
Section 32:1-35.77 - Covenant with bondholders
Section 32:1-35.80 - Suits, actions or proceedings
Section 32:1-35.81 - Effectuation of purposes of act as constituting essential governmental function
Section 32:1-35.82 - Taxes and assessments; approval of municipality of purchaser or lessee
Section 32:1-35.84 - Bonds as authorized investment
Section 32:1-35.85 - Property; requirement for public use; acquisition; condemnation
Section 32:1-35.86 - Entry upon property for purpose of surveys, etc.
Section 32:1-35.89 - Severability
Section 32:1-35.92 - Special reports; request by comptroller and treasurer
Section 32:1-35.93 - Effective date
Section 32:1-36 - Location; Perth Amboy to Tottenville
Section 32:1-37 - Approval of approach plans
Section 32:1-38 - Regulations; tolls
Section 32:1-39 - Construction costs; pledge of tolls; project self-sustaining
Section 32:1-40 - Acquisition of property by agreement or condemnation
Section 32:1-42 - Definition of "real property"
Section 32:1-43 - Interpretation
Section 32:1-44 - Effect of partial invalidity
Section 32:1-45 - Appropriation
Section 32:1-46 - Effective date
Section 32:1-48 - Location; Elizabeth to Howland Hook
Section 32:1-49 - Approval of approach plans
Section 32:1-50 - Regulations; tolls; retirement of obligations
Section 32:1-51 - Construction costs; pledge of tolls; project self-sustaining
Section 32:1-52 - Acquisition of property by agreement or condemnation
Section 32:1-54 - Definition of "real property"
Section 32:1-55 - Interpretation
Section 32:1-56 - Effect of partial invalidity
Section 32:1-57 - Appropriation
Section 32:1-58 - Effective date
Section 32:1-60 - New Jersey appropriation; financing by port authority
Section 32:1-61 - Similar advance by New York state
Section 32:1-62 - Use of moneys; tolls pledged; project self-sustaining
Section 32:1-63 - Repayment of state advances
Section 32:1-64 - Competitive crossings; tolls unimpaired; protection of bondholders
Section 32:1-65 - Contract between states and bondholders
Section 32:1-66 - Object of bridge; tax exemption
Section 32:1-67 - Obligations legal for investment
Section 32:1-68 - Interpretation
Section 32:1-69 - Effect of partial invalidity
Section 32:1-70 - Effective date
Section 32:1-71 - Location; Fort Lee to Fort Washington
Section 32:1-72 - Approval of approach plans
Section 32:1-73 - Regulations; tolls; retirement of obligations
Section 32:1-74 - Construction costs; pledge of tolls; project self-sustaining
Section 32:1-75 - Acquisition of property by agreement or condemnation
Section 32:1-77 - Condemnation procedure
Section 32:1-78 - Definition of "real property"
Section 32:1-79 - Interpretation
Section 32:1-80 - Effect of partial invalidity
Section 32:1-81 - Appropriation
Section 32:1-82 - Concurrent legislation by New York state
Section 32:1-83 - Effective date
Section 32:1-84 - New Jersey appropriation; financing by port authority
Section 32:1-85 - Similar advance by New York state
Section 32:1-86 - Use of moneys; tolls pledged; project self-sustaining; tolls
Section 32:1-87 - Repayment of state advances
Section 32:1-88 - Competitive crossings; tolls unimpaired; protection of bondholders
Section 32:1-89 - Contract between states and bondholders
Section 32:1-90 - Object of bridge; tax exemption
Section 32:1-91 - Obligations legal for investment
Section 32:1-92 - Interpretation
Section 32:1-93 - Effective date
Section 32:1-94 - Location; Bayonne to Staten Island
Section 32:1-95 - Approval of approach plans
Section 32:1-96 - Regulations; tolls; retirement of obligations
Section 32:1-97 - Construction costs; pledge of tolls; project self-sustaining
Section 32:1-98 - Acquisition of property by agreement or condemnation
Section 32:1-100 - Condemnation procedure
Section 32:1-101 - Definition of "real property"
Section 32:1-102 - Interpretation
Section 32:1-103 - Effect of partial invalidity
Section 32:1-104 - Appropriation
Section 32:1-105 - Similar legislation by New York state
Section 32:1-106 - Effective date
Section 32:1-107 - New Jersey appropriation; financing by port authority
Section 32:1-108 - Similar advance by New York state
Section 32:1-109 - Use of moneys; tolls pledged; project self-sustaining
Section 32:1-110 - Repayment of state advances
Section 32:1-111 - Competitive crossings; tolls unimpaired; protection of bondholders
Section 32:1-112 - Contract between states and bondholders
Section 32:1-113 - Property tax exempt
Section 32:1-114 - Obligations legal for investment
Section 32:1-115 - Interpretation
Section 32:1-116 - Effect of partial invalidity
Section 32:1-117 - Effective date
Section 32:1-119.1 - Ratification and confirmation of acts in connection with Midtown Hudson Tunnel
Section 32:1-119.2 - Parking facilities; addition and improvement to Lincoln Tunnel
Section 32:1-119.3 - Effective date
Section 32:1-120 - Midtown Hudson tunnel; site and approaches
Section 32:1-121 - Unified operation of bridges and tunnels; tolls
Section 32:1-123 - Additional payments to states
Section 32:1-124 - Payment to New York
Section 32:1-125 - Payment to New Jersey; use of income and interest from sinking fund
Section 32:1-126 - Holland tunnel compact abrogated so far as inconsistent
Section 32:1-128 - Rules and regulations; tolls; disposition of revenues
Section 32:1-129 - Powers of port authority not to be impaired; no competitive bridges or tunnels
Section 32:1-130 - Bonds as legal investments
Section 32:1-131 - Objects of bridges and tunnels; tax exemption
Section 32:1-133 - Municipal consent; bonded indebtedness protected; acquiring property by agreement
Section 32:1-134 - Right of entry upon lands
Section 32:1-135 - Real property defined
Section 32:1-137 - Interpretation
Section 32:1-139 - Repayment of advances made by states
Section 32:1-140 - Effective date
Section 32:1-140.2 - Delivery of bonds or money
Section 32:1-140.3 - Bonds; direct and general obligations of Port Authority; terms; redemption
Section 32:1-140.4 - Legal investments
Section 32:1-140.7 - Effective date
Section 32:1-141 - Definitions
Section 32:1-141.2 - Acquisition of property for truck terminal
Section 32:1-141.3 - Effective date
Section 32:1-143 - Effective date
Section 32:1-146 - Effective date
Section 32:1-146.2 - Acts constitute agreement between States; liberal construction
Section 32:1-146.3 - Effective date
Section 32:1-146.5 - Violations, penalties, trial procedure
Section 32:1-146.7 - Violations; penalties; procedures
Section 32:1-146.8 - Rules and regulations.
Section 32:1-146.9 - Violations; penalties
Section 32:1-154.1 - Rules and regulations declared binding
Section 32:1-154.2 - Payment of tolls
Section 32:1-154.2a - Liability of vehicle owner for noncompliance with toll collection regulations
Section 32:1-154.2b - Definitions relative to control of traffic on vehicular crossings
Section 32:1-154.2c - Imposition of liability.
Section 32:1-154.2d - Power to proceed against violators unaffected
Section 32:1-154.2e - Power to establish, assess tolls unaffected
Section 32:1-154.2f - Effective date
Section 32:1-154.4 - Traffic lights, signs, signals or orders
Section 32:1-154.5 - Traffic lanes; driving on right-hand side
Section 32:1-154.6 - Authority to operate vehicle; registration
Section 32:1-154.7 - Accidents; duties of operators; reports
Section 32:1-154.9 - Punishment for violations; excluding vehicular crossings
Section 32:1-154.10 - Definitions
Section 32:1-154.11 - Partial invalidity
Section 32:1-154.14 - Trial and punishment of violations
Section 32:1-154.15 - Certain violations constitute high misdemeanors
Section 32:1-154.16 - Violations; penalties; trial; procedure
Section 32:1-154.17 - Effective date
Section 32:1-154.19 - Violations; trial and punishment
Section 32:1-154.20 - High misdemeanors, certain violations as
Section 32:1-154.21 - Violations; penalties; trial; proceedings
Section 32:1-154.23 - Effect of act
Section 32:1-154.24 - Effective date
Section 32:1-156 - Effective date
Section 32:1-157 - Consent to suits
Section 32:1-158 - Suits accruing before effective date of act
Section 32:1-160 - Statutory penalties, suits for
Section 32:1-161 - Injunction suits against Port Authority
Section 32:1-162 - Venue of suits; consent to liability for tortious acts
Section 32:1-163 - Limitations; notice of claim; workmen's compensation claims
Section 32:1-164 - Notice of claim; persons under disability; leave of court
Section 32:1-165 - Injunction suits against commissioners, officers or employees
Section 32:1-166 - Consents to suits previously given not affected
Section 32:1-167 - Acts to constitute agreement between States
Section 32:1-168 - Effective date
Section 32:1-172 - Consents heretofore given not revoked or affected
Section 32:1-173 - Acts to constitute agreement between states
Section 32:1-174 - Effective date
Section 32:1-175 - Employment relations panel; orders; enforcement and review
Section 32:1-176 - Effective date
Section 32:1-178 - Effective date.
Section 32:2-1 - Terms defined
Section 32:2-2 - Six commissioners from New Jersey
Section 32:2-3 - Appointment; terms; vacancies
Section 32:2-4 - Continuance in office until successor appointed
Section 32:2-6 - Transmittal of minutes to governor
Section 32:2-7 - Return of minutes by governor; effect of failure to return minutes
Section 32:2-8 - Fixing of tolls not affected
Section 32:2-9 - Veto to nullify action of commissioners
Section 32:2-10 - Map, entry upon land to make
Section 32:2-11 - Port Authority may take possession upon filing complaint and map
Section 32:2-12 - Deposit of assessed valuation with clerk of Superior Court; payment by clerk
Section 32:2-13 - Payment to clerk when only part of property is taken; effect of payments by clerk
Section 32:2-15 - Acquiring property by agreement during pendency of condemnation proceedings
Section 32:2-16 - Intention and construction of article
Section 32:2-18 - Determination that property is required for public use
Section 32:2-19 - Condemnation
Section 32:2-21 - Acquiring property by agreement; authority to convey
Section 32:2-22 - Entry on lands
Section 32:2-23 - Little Basin and Morris canal property not affected
Section 32:2-23.1 - Port of New York Authority; motor bus terminal; financing
Section 32:2-23.2 - Bonds of Port Authority; legal investments
Section 32:2-23.3 - Declaration of policy
Section 32:2-23.4 - Port Authority; powers
Section 32:2-23.5 - Effective date
Section 32:2-23.7 - Authorization to construct and operate bridge; approaches and connections
Section 32:2-23.8 - Definitions
Section 32:2-23.10 - Pledging of funds
Section 32:2-23.12 - Bonds as legal investment
Section 32:2-23.13 - Acquisition of real property
Section 32:2-23.14 - Acquisition or use of property owned by City or State of New York
Section 32:2-23.15 - Authorization of entry to make surveys, maps, etc.
Section 32:2-23.16 - Bridge as public purpose
Section 32:2-23.17 - No taxes or assessments
Section 32:2-23.19 - Liberal construction
Section 32:2-23.20 - Purchase and rental of railroad cars by Port of New York Authority
Section 32:2-23.21 - Definitions
Section 32:2-23.22 - Powers and duties of Port Authority
Section 32:2-23.23 - Declaration of policy; public purposes
Section 32:2-23.25 - Taxation of railroad cars; prohibition
Section 32:2-23.26 - Effective date
Section 32:2-23.27 - Legislative findings and determinations
Section 32:2-23.28 - Definitions
Section 32:2-23.29a - Passenger mass transportation capital projects; capital funds; increase
Section 32:2-23.31 - Indemnification; duties of lessees; use of revenues or other funds
Section 32:2-23.32 - Capital expenditures; financing
Section 32:2-23.35 - Consent of municipalities, agencies, etc.; authorizations by governor
Section 32:2-23.36 - Exemption from taxation
Section 32:2-23.37 - Jurisdiction over Port Authority
Section 32:2-23.38 - Public purposes
Section 32:2-23.39 - Construction of public purposes, tax exemption and discretion of Port Authority
Section 32:2-23.40 - Agreement supplementary to compact; construction of act
Section 32:2-23.41 - Separability of provisions
Section 32:2-23.42 - Effective date
Section 32:2-24 - Freight and steamship bonds as legal investments
Section 32:2-24.1 - General and refunding bonds as legal investments
Section 32:2-24.3 - Bonds issued to refund Series F and FF Bonds as legal investments
Section 32:2-25 - Arrests without warrant; additional powers
Section 32:2-28 - Sale of real property; procedure
Section 32:2-31 - Auditing officials authorized to examine accounts
Section 32:2-32 - Reports to Governors
Section 32:2-33 - Effective date
Section 32:2-35 - Cost agreements
Section 32:2-36 - Bonds as legal investment
Section 32:3-1 - Preamble; agreement
Section 32:3-2 - Delaware River Port Authority, purposes, functions
Section 32:3-3 - Commissioners, terms, vacancies
Section 32:3-4 - Commissioners as board; duties; quorum; gubernatorial veto of minutes
Section 32:3-4.5 - Findings, declarations
Section 32:3-4.6 - Definitions
Section 32:3-4.7 - Public meetings; rules, regulations
Section 32:3-4.8 - Minutes of meetings; information officer
Section 32:3-4.9 - Rules, regulations, approval
Section 32:3-4.10 - Appeal for denial of rights
Section 32:3-4.11 - Removal from office
Section 32:3-4a - Minutes delivered to Governor
Section 32:3-4b - Minutes returned
Section 32:3-4c - Effect of veto
Section 32:3-5 - Powers of commission.
Section 32:3-5.1 - Governor authorized to enter into supplemental compact agreement.
Section 32:3-5.2 - Application to Congress for consent and approval.
Section 32:3-8 - Pledging credit or creating debt of states, counties or municipalities prohibited
Section 32:3-9 - Rules and regulations; tolls; pledging of revenues
Section 32:3-10 - Power of commission not to be impaired; restriction on additional bridge or tunnel