Galette v. New Jersey Transit Corp. · ¶11

The State gave NJ Transit significant authority. For instance, it has the power to: make its own bylaws; sue and be sued; enter into contracts; acquire or deal in and with real or personal property; raise funds from fares, gifts, grants, or loans; own and control any corporate entity acquired or formed to carry out its objectives; adopt rules and regulations as necessary; and exercise eminent domain powers. §§ 27:25–5, 27:25–13. Moreover, NJ Transit's organic statute provides that “[n]o debt or liability of the corporation shall be deemed or construed to create or constitute a debt, liability, or a loan or pledge of the credit of the State.” § 27:25– 17. It also states that “[a]ll expenses incurred by the corporation . . . shall be payable from funds available to the corporation” and that “no liability or obligation shall be incurred by the corporation beyond the extent to which moneys…

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