32:3-10 - Power of commission not to be impaired;  restriction on additional  bridge or tunnel

32:3-10.  Power of commission not to be impaired;  restriction on additional  bridge or tunnel
     ARTICLE IX.

     The commonwealth of Pennsylvania and the state of New Jersey hereby covenant  and agree with each other and with the holders of any bonds or other securities  or obligations of the commission for which there may or shall be pledged the  tolls, rents, rates or other revenues, or any part thereof, of any property or  facility owned, operated or controlled by the commission (including the said  bridge across the Delaware river and the facilities for the transportation of  passengers across the said bridge) that (so long as any of said bonds or other  securities or obligations remain outstanding and unpaid, and unless and until  adequate provision is made by law for the protection of those advancing money  upon such obligations) the commonwealth and the said state will not diminish or impair the power of the commission to own, operate or control said properties  and facilities or to establish, levy and collect tolls, rents, rates and other  charges in connection with such properties or facilities.

    The commonwealth of Pennsylvania and the state of New Jersey hereby covenant  and agree with each other and with the holders of any bonds or other securities  or obligations of the commission for which the tolls, rents, rates or other  revenues, or any part thereof, of the aforesaid existing bridge across the  Delaware river shall have been pledged, that the said commonwealth and the said  state will not authorize or permit the authorization of the construction,  operation or maintenance of any additional vehicular bridge or tunnel, or any  additional bridge or tunnel having railroad or other facilities for the  transportation of passengers, between the said commonwealth and the said state,  over or under the Delaware river, by any other person or body than the  commission, within a distance of ten miles in either direction from the said  bridge, measured along the boundary line between the said commonwealth and the  said state.