N.Y. Development of Port of New York 43/22 § 8: The port of New York authority is hereby authorized and directed to proceed with the development of the port of New York in accordance wi...

§ 8. The port of New York authority is hereby authorized and directed

to proceed with the development of the port of New York in accordance

with said comprehensive plan as rapidly as may be economically

practicable and is hereby vested with all necessary and appropriate

powers not inconsistent with the constitution of the United States or of

either state, to effectuate the same, except the power to levy taxes or

assessments. It shall request the congress of the United States to make

such appropriations for deepening and widening channels and to make such

grants of power as will enable the said plan to be effectuated. It shall

have power to apply to all federal agencies, including the interstate

commerce commission, the war department, and the United States shipping

board, for suitable assistance in carrying out said plan. It shall

cooperate with the state highway commissioners of each state so that

trunk line highways as and when laid out by each state shall fit in with

said comprehensive plan. It shall render such advice, suggestion and

assistance to all municipal officials as will permit all local and

municipal port and harbor improvements, so far as practicable, to fit in

with said plan. All municipalities within the district are hereby

authorized and empowered to cooperate in the effectuation of said plan,

and are hereby vested with such powers as may be appropriate or

necessary so to cooperate. The bonds or other securities issued by the

port authority shall at all times be free from taxation by either state.

The port authority shall be regarded as the municipal corporate

instrumentality of the two states for the purpose of developing the port

and effectuating the pledge of the states in the said compact, but it

shall have no power to pledge the credit of either state or to impose

any obligation upon either state, or upon any municipality, except as

and when such power is expressly granted by statute, or the consent by

any such municipality is given.