Behnke v. New Jersey Highway Authority

The opinion of the court was delivered by

Heher, J.

We have here a proceeding under the Declaratory Judgments Act (N. J. S. 2A:16-50 et seq.) to determine the constitutional sufficiency of c. 17 of the Session Laws of 1952, purporting to authorize “a liability of the State of New Jersey * * * for the guaranty of punctual payment” of the principal and interest accruing upon bonds, not exceeding $285,000,000 in the aggregate principal sum, to be issued by the New Jersey Highway Authority, a body corporate and politic established in the State Highway Department by c. 16 of the Laivs of the same…