Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1908-09-25

pervision Of the construction, maYn-
tenance, operation and development
Of the Public Belt Railroad of the
City of New Orleans shall be exclu-
sively 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.
Section s. Be 1t further enacted,
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 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
De submitted to the electors, to-wit:
THE City of New Orleans shall be
authorized and empowered to issue
two million ($2.000,000.0O) dollars
OF bonds, 70 re known AS Public Felt
Railroad Bonds of the City of New
Orleans for the purpose and under
the provisions and conditions set
forth in the Act of the Legislature
adopted to that end, and for that
purpose. at the regular session of
the Louisiana General Assembly for
the year 1908, which said Act is
hereby ratified and approved; and
all provisions of the Constitution of
the State in conflict with the provi-
sions of said Act and of this amend
ment, are to that extent and for that
purpose only repealed"
Section 10. Be 1t further enact
ed, ETC., That on the ofiicial ballots
to be used at said election shall be
placed the words, For the Public
Belt Railroad Bond Amendment"
and the words Against the Public
Belt Railroad Bond Amendment"
and each elector shall indicate his
vote on the proposed amendment as
provided by the general election
laws of the State.
H. G. DUPRE,
Speaker of the House of Represen-
tatives.
P. M. LAMBREMONT.
Lieutenant Governor and President
of the Senate.
Approved July 3, 1908.
J. Y. SANDERS,
Governor of the State Of Louisiana.
A true copy.
JOHN T. MICHEL,
Secretary of State.
ACT No. $50.
House Bill No. 152. BY Mr.. Barrett
AN ACT
To authorize the Board of Com
missioners of the Port of New Or
leans to issue three million, five hun
dred thousand ($3,500,000.00) dol
lars of five CD per cent. bonds,
which shall be exempt from taxa
ton; to authorize the exchange OF so
many of said bonds as may be ne
cessary to retire valid outstanding
obligations of said board, and to pro-
vide for the sale of the remainder
thereof; to provide for the payment
of the principal and interest of said
bonds and the disposition of the pro-
ceeds thereof; to define the powers
and duties of the Board of Commits
sioners of the Port Of New Orleans
and the Treasurer of the State OF
Louisiana in relation thereto; to con-
tinue said Board in existence until
the payment of said bonds; and to
submit to the people an amendment
to the Constitution of the State OF
Louisiana authorizing the issue OF
said bonds and ratifying the provi-
sions of this Act.
Whereas. the Board Of Commits
sioners of the Port Of New Orleans
created, under the provisions of Act
70 Of the General Assembly OF the
year 1895, as amended by Act No.
SO of the General Assembly Of the
year 1900, 10 vested with the ad-
ministration of the public wharves
and landings Of the port and har-
Dor of New Orleans, and charged
with the duty of extending, improv-
ing and maintaining the same and
the appurtenances thereto; and
Whereas, said Board Of Commits
sioners of the Port of New Orleans
assumed the duties imposed on II by
law, at the termination Of the lease
between the City Of New Orleans
and the Louisiana Construction &
Improvement Company, on the 29th
day OF MAY. 1901: and