Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1908-10-02

I
/, 1889, of any OF said bonds
as hereinaboye set forth, the
redepmtion of said bonds shall be
postponed until January 1, 1914, and
the City of New Orleans shall levy
upon all of the taxable property with
in the present territorial limits Of
said city a special tax of tive (2)
mills. beginning with and including
the year 1943, the entire proceeds
whereof shall be applied annually to
the redemption of the bonds issued
under this Act, and all interest that
may be then or thereafter due there
on. and all outstanding interest
funding bonds" until all of said
bonds shall have been retired in prin-
cipal and interest. If any surplus Of
said two CD mills tax in the last
year of its levy shall exist, such sur
plus shall be dedicated to works Of
public improvement, to be designat-
ed by the City of New Orleans.
Section 5. Be it further enacted.
etc, That the City of New Orleans
shall be and is hereby authorized and
empowered to expend the proceeds
or said bonds for the construction
and equipment OF Public Belt
Railroad System in and for the CITY
or New Orleans, including tracks, sid
ings, switches, spurs, cross-overs and
all appurtenances and accessories
thereto; the building of depots.
roundhouses, warehouses, sheds, sta
tons, signals and all other necessary
structures incident to the construc-
ton and equipment of railroads, for
the purchase of locomotives, switch
engines, cars and other necessary
rolling stock; for the payment of
property purchased or appropriated
ror the purpose OF laying tracks.
sldings, switches, spurs, cross-overs,
ETC., or for the erection of necessary
structures and buildings incident to
railroads; for the purchase of exist
ing roadbeds, tracks, switches, sid
lngs, spurs, cross-overs, or for the
appropriation OF the same; for the
purchase of barges and tugboats and
other property incident to the op-
4 cratic nof a barge system; and gen.
orally for the purchase and equip
ment OF all property, movable and
lmmovable, necessary and proper to
construct and equip said public belt
railroad system, and as an incident
thereto. barge system.
Section 6. Be it further enacted
etc., That there shall be and there
is hereby irrevocably dedicated to
the people of the City of New Or
leans for perpetual and exclusive
public use, said Public Belt Railroad
system, as the same has been here
tofore, or may hereafter be establish
ed by the City of New Orleans, the
title and use to which said Public
Belt Railroad System shall be and
shall forever be in the people of the
City of New Orleans.
That all laws, servitudes, privil-
eyes and rights In favor of the State
of Louisiana, the City of New Or
leans and the people Of the City Of
New Orleans, now existing in or on
the lands or property on or contigu-
Gus to the Mississippi river shall con-
tinue to exist unimpaired until the
full payment of the principal and in
terest of the bonds to be issued I'M
der this Act.
Section z. Be ii further enacted,
etc, That the City of New Orleans
shall construct, equip, maintain and
operate said Public Belt Railroad
System Of the City of New Orleans
through and by means of such board
or commission as may have been or
may be organized by the City of
New Orleans, the members of which
shall be appointed by the Mayor of
the City of New Orleans, with the
consent of the Council, the powers,
duties and functions of which shall
be prescribed by the City. of New
Orleans. The City of New Orleane
shall always have the power and
authority to make such changes in
the location of the tracks and road
bed of the Public Belt Railroad Sys-
tenn as may by said city be deemed
necessary or proper. The control.
administration. management and SUI
pervision of the construction, main
tenance, operation and development
{, of the Public Belt Railroad of the
City of New Orleans shall be exclu-
siyely vested and remain In such
board of commission, which shall al
ways be separate and distinct from
that OF any railroad entering the
City of New Orleans, and no direc-
tor, officer or employee of any State
or interstate railroad shall ever be
allowed to act as a member OF said
| commission, or as an officer OF the
Public Belt Railroad, or be employed
by said Public Belt Railroad, and no
rights or privileges shall be granted
to any railroad company to control,
manage, use or operate the said Pub
lie Belt Railroad System, or any part
thereof, and said Public Belt Rail-
road System shall be and remain the
sole property of the people of the
City of New Orleans at all times,
and shall in no way or manner ever
be hypothecated or alienated, pro-
vided, however, that the revenues OF
said Public Belt Railroad of the City
of New Orleans, after the deduction
of the expenses of maintenance and
operation, shall be and remain
pledged for the payment of the
bonds in principal and interest, the
issue of which is herein authorized;
to such extent as may be necessary
under this Act.
ETC., That all the provisions of this
Act shall constitute a contract be-
tween the holder of the bonds issued
hereunder. the State of Louisiana,
the City of New Orleans and the
Board of Commissioners of the Port
of New Orleans. ~
Section 9 Be 1t further enacted, etc
That at the congressional election
to be held In this State on the first
Tuesday, after the first Monday in
the month of November, 1908, the
following amendment to the Consti-
tuition of the State of Louisiana shall