The commission shall have no power to incur any indebtedness whatsoever without the express authority or concurrence of the city council of any such city. Monthly financial statement. The port utilities commission of any such city shall make a full statement to the city council of such city at the end of each month of its receipts, disbursements and outstanding accounts of all kinds for the preceding month. Tax exemption of port and terminal utilities. All property acquired by any city of this State for the purpose of establishing, developing, maintaining or operating the port and terminal utilities of such city in pursuance of the provisions of this chapter shall be exempt from taxation so long as it shall be maintained and used for such purposes.
Chapter is cumulative.
The powers conferred by this chapter upon such cities of this State are, and shall be taken, deemed and construed to be, in addition to the powers otherwise enjoyed by such cities.