Alfred E. Driscoll

Summary

The Supreme Court of New Jersey held that the Burlington County Bridge Commission's acquisition of the Burlington‑Bristol and Tacony‑Palmyra bridges was illegal and voidable, that most bondholders are holders in due course, that the State may not condemn the bridges while owned by the commission, that the commission may not operate the bridges for profit or make tax‑in‑lieu payments, that the court lacked jurisdiction over Fitzgerald & Co., and that no counsel‑fee award was proper. The court modified the lower court's judgment and remanded with detailed instructions for restitution and supervision of the bridge commission.