New Jersey Statutes
§ 32:1-90 — Object of bridge; tax exemption
New Jersey·Title 32 INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
The construction, maintenance and operation of said bridge is in all respects for the benefit of the people of the two states, for the increase of their commerce and prosperity, and for the improvement of their health and living conditions, and the port authority shall be regarded as performing a governmental function in undertaking the said construction, maintenance and operation and in carrying out the provisions of law relating to the said bridge and shall be required to pay no taxes or assessments upon any of the property acquired by it for the construction, operation and maintenance of such bridge. L.1926, c. 6, s. 7, p. 26.
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Nearby Sections
15
§ 32:1-1
Preamble§ 32:1-10
Municipal powers not impaired§ 32:1-100
Condemnation procedure§ 32:1-101
Definition of "real property"§ 32:1-102
Interpretation§ 32:1-103
Effect of partial invalidity§ 32:1-104
Appropriation§ 32:1-105
Similar legislation by New York state§ 32:1-106
Effective date§ 32:1-108
Similar advance by New York state§ 32:1-11
Plans to be adopted§ 32:1-110
Repayment of state advances