It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of this state and is a public purpose and that the authority will be performing an essential governmental function in the exercise of the powers conferred upon it by this chapter. This state covenants with the holders of the bonds issued under this chapter that the authority shall be required to pay no taxes or assessments upon any of the property acquired or leased by it or under its jurisdiction, control, possession, or supervision; upon its activities in the operation or maintenance of the buildings erected or acquired by it; upon any fees, rentals, or other charges for the use of such buildings; or upon other income received by the authority. This state further covenants that the bonds of the authority, their transfer, and the income therefrom shall at all times be exempt from taxation within the state.