§ 8. The port of New York authority is hereby authorized and directed\nto proceed with the development of the port of New York in accordance\nwith said comprehensive plan as rapidly as may be economically\npracticable and is hereby vested with all necessary and appropriate\npowers not inconsistent with the constitution of the United States or of\neither state, to effectuate the same, except the power to levy taxes or\nassessments. It shall request the congress of the United States to make\nsuch appropriations for deepening and widening channels and to make such\ngrants of power as will enable the said plan to be effectuated. It shall\nhave power to apply to all federal agencies, including the interstate\ncommerce commission, the war department, and the United States shipping\nboard, for
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§ 8. The port of New York authority is hereby authorized and directed\nto proceed with the development of the port of New York in accordance\nwith said comprehensive plan as rapidly as may be economically\npracticable and is hereby vested with all necessary and appropriate\npowers not inconsistent with the constitution of the United States or of\neither state, to effectuate the same, except the power to levy taxes or\nassessments. It shall request the congress of the United States to make\nsuch appropriations for deepening and widening channels and to make such\ngrants of power as will enable the said plan to be effectuated. It shall\nhave power to apply to all federal agencies, including the interstate\ncommerce commission, the war department, and the United States shipping\nboard, for suitable assistance in carrying out said plan. It shall\ncooperate with the state highway commissioners of each state so that\ntrunk line highways as and when laid out by each state shall fit in with\nsaid comprehensive plan. It shall render such advice, suggestion and\nassistance to all municipal officials as will permit all local and\nmunicipal port and harbor improvements, so far as practicable, to fit in\nwith said plan. All municipalities within the district are hereby\nauthorized and empowered to cooperate in the effectuation of said plan,\nand are hereby vested with such powers as may be appropriate or\nnecessary so to cooperate. The bonds or other securities issued by the\nport authority shall at all times be free from taxation by either state.\nThe port authority shall be regarded as the municipal corporate\ninstrumentality of the two states for the purpose of developing the port\nand effectuating the pledge of the states in the said compact, but it\nshall have no power to pledge the credit of either state or to impose\nany obligation upon either state, or upon any municipality, except as\nand when such power is expressly granted by statute, or the consent by\nany such municipality is given.\n