32:8-9 - Property and securities of commission tax-exempt - New Jersey Statutes

32:8-9.  Property and securities of commission tax-exempt     ARTICLE VIII.

     The effectuation of its authorized purposes by the commission is and will be  in all respects for the benefit of the people of the state of New Jersey and  the commonwealth of Pennsylvania, and for the increase of their commerce and  prosperity, and since the commission will be performing essential governmental  functions in effectuating said purposes, the commission shall not be required  to pay any taxes or assessments upon any property acquired or used by it for  purposes authorized by this agreement; and the bonds or obligations issued by  the commission, their transfer and the income therefrom, including any profits  made on the sale thereof, shall, at all times, be free from taxation within the  state of New Jersey and the commonwealth of Pennsylvania.