Pennsylvania Statutes Title 55 P.S. Navigation § 698.28. Pledge by Commonwealth

The Commonwealth does hereby pledge to and agree with any person or the Federal Government subscribing to or acquiring the bonds to be issued by the commission for the construction, extension, improvement or enlargement of any port facility, port-related project or property of the commission, or part thereof, that the Commonwealth will not limit or alter the rights hereby vested in the commission, until all bonds, at any time issued, together with the interest thereon, are fully met and discharged. The Commonwealth does further pledge to and agrees with the Federal Government that in the event that the Federal Government shall construct or contribute any funds for the construction, extension, improvement or enlargement of any port facility, port-related project or property of the commission, or portion thereof, the Commonwealth will not alter or limit the rights and powers of the commission in any manner which would be inconsistent with the continued maintenance and operation of the port facility, port-related project or property of the commission, or the improvement thereof, or which would be inconsistent with the due performance of any agreements between the commission and the Federal Government, and the commission shall continue to have and may exercise all powers herein granted, so long as the same may be necessary or desirable for the carrying out of the purposes of this act and the purposes of the Federal Government and the construction or improvement or enlargement of the port facility, port-related project or property of the commission or such portion thereof.