All moneys received from any bonds, notes or other obligations issued pursuant to
this act shall be applied solely to the payment of the cost of the turnpike or to
the appurtenant fund, and there shall be and hereby is created and granted a lien
upon such moneys, until so applied, in favor of holders of such bonds, notes or other
obligations or the trustee hereinafter provided for in respect of such bonds, notes
or other obligations.
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