Title 12, Title 12: COMMERCE AND NAVIGATION

12:11A-13. Reserve fund; deposits; investments (a) The corporation shall establish and maintain a fund called the "South Jersey Port Corporation Reserve Fund" in which there shall be deposited (1) moneys appropriated therefor by the State, (2) proceeds of bonds required to be dep…

12:11A-14. Maximum debt service reserve; maintenance; valuation of investments In order to assure the maintenance of the maximum debt service reserve in the South Jersey Port Corporation Reserve Fund, there shall be annually appropriated and paid to the corporation for deposit in…

12:11A-15. Additional reserve funds The corporation may establish such additional and further reserve funds as may be, in its discretion, necessary and desirable or to comply with the provisions of any agreement made by or any resolution of the corporation. L.1968, c. 60, s. 15, …

12:11A-16. Bonds or notes not debt or liability of state Except as otherwise provided by or pursuant to any law or laws hereafter submitted to the people pursuant to Section II of Article VIII of the State Constitution and approved by a majority of the legally qualified voters of…

12:11A-17. Agreement by state not to limit or restrict rights vested in corporation The State of New Jersey does pledge to and agree with the holders of the bonds or notes issued pursuant to authority contained in this act, that the State will not limit or restrict the rights her…

12:11A-18. Bonds of corporation as legal investments Notwithstanding any restriction contained in any other law, the State and all political subdivisions of this State, their officers, boards, commissions, departments or other agencies, all banks, bankers, trust companies, saving…

12:11A-19. Rents, tolls and fees for use of marine terminal; collection; contracts The corporation is hereby authorized to fix, revise, charge and collect rents, tolls, fees and charges for the use of each marine terminal and the different parts or sections thereof, and to contra…

12:11A-2. Short title This act shall be known and may be cited as "The South Jersey Port Corporation Act." L.1968, c. 60, s. 2, eff. June 13, 1968.

12:11A-20. Exemption from taxation; tax payment; tax reserve fund; property tax reserve a. The exercise of the powers granted by this act will be in all respects for the benefit of the people of the State, for the increase of their commerce and prosperity, and for the improvement…

12:11A-21. Lease agreement with private marine terminal operator; maintenance and repair Whenever, in its uncontrolled discretion, the corporation shall decide to enter into a lease agreement or agreements with any private marine terminal operator or operators for the purpose of …

12:11A-22. Annual report; audit; annual list of employees; public inspection of books; conflict of interest a. On or before April 30 in each year the corporation shall make an annual report of its activities for the preceding calendar year to the Governor and to the Legislature. …

12:11A-23. Powers deemed additional The foregoing sections of this act shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, and shall be regarded as supplemental and additional to powers conferred by other laws, and shall…

12:11A-24. Preparation of final audit by South Jersey Port Commission; dissolution of commission; transfer of records to corporation; certification of indebtedness a. On or before the ninetieth day after the effective date of this act the South Jersey Port Commission shall prepar…

12:11A-25. Reimbursement of State for sums paid in discharge of obligations The South Jersey Port Corporation is hereby authorized, empowered and directed to enter into an agreement or agreements with the State of New Jersey whereby such sums as shall have been paid by the State …

12:11A-26. Liberal construction This act, being necessary for the welfare of the State and its inhabitants, shall be liberally construed to effect the purposes thereof. L.1968, c. 60, s. 27, eff. June 13, 1968.

12:11A-27. Partial invalidity If any provision of this act or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of the act which can be given effect without the invalid provisions or applicatio…

12:11A-28. Transfer of rights, property and facilities of commission to corporation All bondholders and other creditors of the commission and persons having claims against or contracts with the commission of any kind or character may enforce such debts, claims and contracts again…

12:11A-29. Inconsistent laws All other general or special laws, or parts thereof, inconsistent herewith are hereby declared to be inapplicable to the provisions of this act. L.1968, c. 60, s. 30, eff. June 13, 1968.

12:11A-3. Definitions As used in this act: "Corporation" shall mean the South Jersey Port Corporation, created by this act, or, if said corporation shall be abolished, the board, body or commission succeeding to the principal functions thereof or to whom the powers given by this …

12:11A-4. Creation and boundaries of district The South Jersey Port District is hereby created and shall embrace the counties of Mercer, Burlington, Camden, Gloucester, Salem, Cumberland and Cape May and all the lands and waters in the Delaware river and bay contiguous thereto, s…

12:11A-5 "South Jersey Port Corporation," membership, compensation, vacancies. 5. a. There is hereby established in the Department of the Treasury a body corporate and politic, with corporate succession, to be known as the "South Jersey Port Corporation." The corporation is hereb…

12:11A-5.1. Transfer from department of environmental protection to department of labor and industry The South Jersey Port Corporation, a body corporate and politic, established pursuant to P.L.1968, c. 60 (C. 12:11A-1 et seq.), together with all of its functions, powers and duti…

12:11A-6 Powers of corporation 6. The corporation shall be a body corporate and politic and shall have perpetual succession and shall have the following powers: (a) To adopt bylaws for the regulation of its affairs and the conduct of its business; (b) To adopt an official seal an…

12:11A-7. Public highways; relocation; entry upon lands; regulations affecting public utilities a. If the corporation shall find it necessary to change the location of any portion of any public highway, it shall cause the same to be reconstructed at such location as the corporati…

12:11A-8. Marine terminals In order to facilitate the development of port facilities in the areas of this State bordering on the tidal reaches of the Delaware river and bay the South Jersey Port Corporation is hereby authorized and empowered to establish, acquire, construct, reha…

12:11A-9. Lease agreements with private marine terminals In order to further facilitate the development of port facilities in the areas of this State bordering on the tidal reaches of the Delaware river and bay and to further the development of commerce and industry in this State…