§ 14. The construction, maintenance and operation of vehicular bridges\nand tunnels within the said port of New York district (including the\nsaid Holland tunnel and the said Midtown Hudson tunnel), are and will be\nin all respects for the benefit of the people of the states of New York\nand New Jersey, for the increase of their commerce and prosperity and\nfor the improvement of their health and living conditions; and the port\nauthority shall be regarded as performing an essential governmental\nfunction in undertaking the construction, maintenance and operation\nthereof and in carrying out the provisions of law relating thereto, and\nshall be required to pay no taxes or assessments upon any of the\nproperty acquired or used by it for such purposes.\n
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