3. The governor, auditor general, and state treasurer, acting on behalf of the commonwealth
of Pennsylvania, the mayor, city controller and city treasurer, acting on behalf of
the city of Philadelphia, and the governor, comptroller and state treasurer, acting
on behalf of the state of New Jersey, are hereby authorized from time to time to sell
such bonds or other obligations, after advertisement or without advertisement, at
not less than par and accrued interest. Such bonds may also be used by the city of Philadelphia for sinking fund purposes. The respective boards of the commonwealth of Pennsylvania charged by law with the
investment of moneys held in and received by custodial funds are hereby authorized
to purchase any of said bonds from said commonwealth or city of Philadelphia. The various boards, agencies, commissions of the state of New Jersey, charged by
law with the investment of the moneys, are hereby authorized to purchase any of said
bonds from the said state of New Jersey. Such boards, agencies, commissions, are hereby authorized to sell or transfer bonds,
or other securities now in possession of the respective state treasurers, or other
state financial officers, and held for the benefit of such funds, in order that additional
moneys may be made available for the purchase of such bonds or obligations issued
by said joint commission and acquired as aforesaid.
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