(a) "Authority" means "the Delaware River and Bay Authority," established by compact between the States of Delaware and New
Jersey.
(b) "Bridge" means the "Delaware Memorial Bridge," its approaches, appurtenances, property, equipment, revenues, funds and
personnel.
(c) "Compact" means the "Delaware-New Jersey Compact."
17 Del. C. 1953, § 1801; 53 Del. Laws, c. 146.;
§ 1802. Agent for Bridge.
The Authority shall upon the effective date of this chapter be the agent of the States of Delaware and New Jersey in connection
with the construction, operation, maintenance, improvement and control of the said Bridge, which was constructed pursuant
to legislation enacted by the States of Delaware and New Jersey and found in Chapter 3 of this title and 45 Laws of Delaware,
Chapters 274, 275, 334 and New Jersey Laws of 1946, Chapter 18.
17 Del. C. 1953, § 1802; 53 Del. Laws, c. 146.;
§ 1803. Successors to the Delaware Interstate Highway Division.
Except as provided in this chapter, the Authority, as agent for said Bridge, shall exercise, succeed to, perform and be bound
by all the rights, powers, authority, duties and obligations heretofore exercised by, performed by, or binding upon the Delaware
Interstate Highway Division, as successor to the Delaware State Highway Department, insofar as they pertain to the said Bridge.
17 Del. C. 1953, § 1803; 53 Del. Laws, c. 146.;
§ 1804. Rights of holders of Bridge bonds.
Such agent's control of the said Bridge shall be subject to the rights of the holders of the outstanding Delaware Memorial
Bridge Revenue Bonds of the State issued (or in the process of issue prior to the effective date of this chapter) under the
authority of § 318 of this title, and the State covenants that the said Bridge shall remain in the said agent's control so
long as any of the said bonds shall remain outstanding or unpaid or until all said revenue bonds issued or in the process
of issue under the authority of § 318 of this title have been paid in full or provision shall have been made for the payment
thereof in the manner provided in the indenture between the State Highway Department of the State and Equitable Trust Company,
dated June 1, 1948 and the supplemental indentures thereto, dated June 1, 1951, January 2, 1952, June 1, 1956 and June 1,
1960.
17 Del. C. 1953, § 1804; 53 Del. Laws, c. 146.;
§ 1805. Control of Bridge.
At such time as all the Delaware Memorial Bridge Revenue Bonds issued pursuant to § 318 of this title have been paid in full
or provision has been made for payment thereof as provided in the indenture securing said bonds, the Authority, as agent,
shall continue to hold, control, operate, maintain and improve the said Bridge as a crossing, transportation facility or project
in accordance with the Compact entered into between the 2 states, establishing the said Authority, and the Authority as such
agent shall deal with the Bridge, its tolls and revenues as it is authorized, empowered and obligated to do by said Compact
with respect to crossings, transportation facilities and projects as therein defined.
17 Del. C. 1953, § 1805; 53 Del. Laws, c. 146.;
§ 1806. Audit; assumption of obligations.
In order to provide for an orderly transition of bridge operations, upon the effective date of this chapter, the Authority
shall promptly arrange with the Delaware Interstate Highway Division for the preparation of an independent audit and accounting
of its assets, liabilities and operations, and for fixing a date upon which the books and records of the said Division shall
be closed and from and after which the Authority shall undertake the operation and control of the said Bridge; and it shall
at the same time provide for the assumption of all outstanding obligations of the Delaware Interstate Highway Division for
the construction, maintenance, improvement and operation of the said Bridge and shall take over all personnel, maps, books,
records, revenues, funds and other assets relating thereto.
(a) "Authority" means "the Delaware River and Bay Authority," established by compact between the States of Delaware and New
Jersey.
(b) "Bridge" means the "Delaware Memorial Bridge," its approaches, appurtenances, property, equipment, revenues, funds and
personnel.
(c) "Compact" means the "Delaware-New Jersey Compact."
17 Del. C. 1953, § 1801; 53 Del. Laws, c. 146.;
§ 1802. Agent for Bridge.
The Authority shall upon the effective date of this chapter be the agent of the States of Delaware and New Jersey in connection
with the construction, operation, maintenance, improvement and control of the said Bridge, which was constructed pursuant
to legislation enacted by the States of Delaware and New Jersey and found in Chapter 3 of this title and 45 Laws of Delaware,
Chapters 274, 275, 334 and New Jersey Laws of 1946, Chapter 18.
17 Del. C. 1953, § 1802; 53 Del. Laws, c. 146.;
§ 1803. Successors to the Delaware Interstate Highway Division.
Except as provided in this chapter, the Authority, as agent for said Bridge, shall exercise, succeed to, perform and be bound
by all the rights, powers, authority, duties and obligations heretofore exercised by, performed by, or binding upon the Delaware
Interstate Highway Division, as successor to the Delaware State Highway Department, insofar as they pertain to the said Bridge.
17 Del. C. 1953, § 1803; 53 Del. Laws, c. 146.;
§ 1804. Rights of holders of Bridge bonds.
Such agent's control of the said Bridge shall be subject to the rights of the holders of the outstanding Delaware Memorial
Bridge Revenue Bonds of the State issued (or in the process of issue prior to the effective date of this chapter) under the
authority of § 318 of this title, and the State covenants that the said Bridge shall remain in the said agent's control so
long as any of the said bonds shall remain outstanding or unpaid or until all said revenue bonds issued or in the process
of issue under the authority of § 318 of this title have been paid in full or provision shall have been made for the payment
thereof in the manner provided in the indenture between the State Highway Department of the State and Equitable Trust Company,
dated June 1, 1948 and the supplemental indentures thereto, dated June 1, 1951, January 2, 1952, June 1, 1956 and June 1,
1960.
17 Del. C. 1953, § 1804; 53 Del. Laws, c. 146.;
§ 1805. Control of Bridge.
At such time as all the Delaware Memorial Bridge Revenue Bonds issued pursuant to § 318 of this title have been paid in full
or provision has been made for payment thereof as provided in the indenture securing said bonds, the Authority, as agent,
shall continue to hold, control, operate, maintain and improve the said Bridge as a crossing, transportation facility or project
in accordance with the Compact entered into between the 2 states, establishing the said Authority, and the Authority as such
agent shall deal with the Bridge, its tolls and revenues as it is authorized, empowered and obligated to do by said Compact
with respect to crossings, transportation facilities and projects as therein defined.
17 Del. C. 1953, § 1805; 53 Del. Laws, c. 146.;
§ 1806. Audit; assumption of obligations.
In order to provide for an orderly transition of bridge operations, upon the effective date of this chapter, the Authority
shall promptly arrange with the Delaware Interstate Highway Division for the preparation of an independent audit and accounting
of its assets, liabilities and operations, and for fixing a date upon which the books and records of the said Division shall
be closed and from and after which the Authority shall undertake the operation and control of the said Bridge; and it shall
at the same time provide for the assumption of all outstanding obligations of the Delaware Interstate Highway Division for
the construction, maintenance, improvement and operation of the said Bridge and shall take over all personnel, maps, books,
records, revenues, funds and other assets relating thereto.
(a) "Authority" means "the Delaware River and Bay Authority," established by compact between the States of Delaware and New
Jersey.
(b) "Bridge" means the "Delaware Memorial Bridge," its approaches, appurtenances, property, equipment, revenues, funds and
personnel.
(c) "Compact" means the "Delaware-New Jersey Compact."
17 Del. C. 1953, § 1801; 53 Del. Laws, c. 146.;
§ 1802. Agent for Bridge.
The Authority shall upon the effective date of this chapter be the agent of the States of Delaware and New Jersey in connection
with the construction, operation, maintenance, improvement and control of the said Bridge, which was constructed pursuant
to legislation enacted by the States of Delaware and New Jersey and found in Chapter 3 of this title and 45 Laws of Delaware,
Chapters 274, 275, 334 and New Jersey Laws of 1946, Chapter 18.
17 Del. C. 1953, § 1802; 53 Del. Laws, c. 146.;
§ 1803. Successors to the Delaware Interstate Highway Division.
Except as provided in this chapter, the Authority, as agent for said Bridge, shall exercise, succeed to, perform and be bound
by all the rights, powers, authority, duties and obligations heretofore exercised by, performed by, or binding upon the Delaware
Interstate Highway Division, as successor to the Delaware State Highway Department, insofar as they pertain to the said Bridge.
17 Del. C. 1953, § 1803; 53 Del. Laws, c. 146.;
§ 1804. Rights of holders of Bridge bonds.
Such agent's control of the said Bridge shall be subject to the rights of the holders of the outstanding Delaware Memorial
Bridge Revenue Bonds of the State issued (or in the process of issue prior to the effective date of this chapter) under the
authority of § 318 of this title, and the State covenants that the said Bridge shall remain in the said agent's control so
long as any of the said bonds shall remain outstanding or unpaid or until all said revenue bonds issued or in the process
of issue under the authority of § 318 of this title have been paid in full or provision shall have been made for the payment
thereof in the manner provided in the indenture between the State Highway Department of the State and Equitable Trust Company,
dated June 1, 1948 and the supplemental indentures thereto, dated June 1, 1951, January 2, 1952, June 1, 1956 and June 1,
1960.
17 Del. C. 1953, § 1804; 53 Del. Laws, c. 146.;
§ 1805. Control of Bridge.
At such time as all the Delaware Memorial Bridge Revenue Bonds issued pursuant to § 318 of this title have been paid in full
or provision has been made for payment thereof as provided in the indenture securing said bonds, the Authority, as agent,
shall continue to hold, control, operate, maintain and improve the said Bridge as a crossing, transportation facility or project
in accordance with the Compact entered into between the 2 states, establishing the said Authority, and the Authority as such
agent shall deal with the Bridge, its tolls and revenues as it is authorized, empowered and obligated to do by said Compact
with respect to crossings, transportation facilities and projects as therein defined.
17 Del. C. 1953, § 1805; 53 Del. Laws, c. 146.;
§ 1806. Audit; assumption of obligations.
In order to provide for an orderly transition of bridge operations, upon the effective date of this chapter, the Authority
shall promptly arrange with the Delaware Interstate Highway Division for the preparation of an independent audit and accounting
of its assets, liabilities and operations, and for fixing a date upon which the books and records of the said Division shall
be closed and from and after which the Authority shall undertake the operation and control of the said Bridge; and it shall
at the same time provide for the assumption of all outstanding obligations of the Delaware Interstate Highway Division for
the construction, maintenance, improvement and operation of the said Bridge and shall take over all personnel, maps, books,
records, revenues, funds and other assets relating thereto.
