The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-10-10
,ans shonld not be sufficient to pro-

vide for the payment OF the annual al
on, or for the redemption an r.
onally, on and after January |, 1853,
of any Of said bonds. as hereinaboVe /
so4 forth, the redemption of said bonds IT
shall be postponed until January i a
1914, and the City Of New Orleans N
shou levy uDon all of the taxable n
property within the present terrltoflal
limits of said city g special tax OF two t
-, mills, beyinning with and includ-
inc the year 1913, the entire proceeds
whereof shall be applied annually 10
the redemption of the bonds issued I'M
der this Act and all interest that may
he then or thereafter due thereon, ana
all outstanding Interest 1unolhg
bonds" until all of said bonds snail
have been retired in principal ana IN
terest. If any surplus Of said two "
mills tax in the last year of It's levy
shall exist, such surplus shall be
dedicated to works of public improve
ment to be designated by the City OF
New Orleans
Section 5. Be it further enacted,
ctc That the City of New Orleans
shall be and it is hereby authorized
and empowered to eXpend the proceeds
or soid bonds for the construction and
:, continent of Public Belt Railroad
> System in and for the City OF New or-
: leans. including tracks, sldlngS'
f switches, spurs. crossoVefs anu al
:, aDpurtenances and accessories there
: TO: the building of depots, round
). houses. warehouses, sheds, staIlonS'
SIGNALS and all other necessary struc-
y trres incident to the construction ana
e equipment of railroads, for the puf-
4 chase of locomotives, switch engines,
- cars and other necessary rolling stock;
.e for the payment Of property purchased
IS or appropriated for the purpose OF
10 LAYING tracks. sidings, switches, spurs
{ crossovers. ETC.. or for the erection OF
I'd necessary structures and buildings IN
st cident to railroads: for the purchase
IL of existing rOadbeds, TRACKS, switches
Nv sidings, spurs, crossoVers, or tor III
er appropriation of the same: for TN
by nurchase of barges and tugboats AM
de other property incident to the opera
NJ ton of barge system: and general
ed for the purchase and equipment OF a.
property movable and immovabie
~. necessary and proper to construct an
ns equip said public belt railroad sy;
49, tenn. and as an incident thereto,
rst barge system.
IN. Sections. Be it further enacted, etc
Of That there shall be and there is heret
nh irrevocably dedicated to the Poop
Jew of the City of New Orleans for perpe
ses ual and exclusive public use sa
Itch Public Belt Railroad System, as Il
ON same has been heretofore, or may her
ritv after be established by the City
mt New Orleans, the title and use to VIII
Dad said public belt railroad system sh'
sum be and shall forever be in the peol
oM of the City of New Orleans.
+ is That all laws, servitudes, prlvlleg
and and rights in favor Of the State
the Louisiana, the City Of New Orlea
and and the people of the City OF New
,ond leans, now existing in or on the lal
lred or property on or contiguous to
said Mississippi river shall continue to
r is ist unimpaired until the full pawn
tired of the principal and interest OF
'eas- bonds to be issued under this Act.
"a as Section 7. Be it further enacted, e
sald That the City Of New Orleans 81
construct, equip, maintain and OF
# the ate said Public Belt Railroad Sys
/ APP of the City of New Orleans through
fixed bymeans of such board or commlssl
said as may have been or may be orga
ty of ed by the City of New Orleans,
reve- members of which shall be appon
pay bv the Mayor of the City OF New
due, leans. with the consent of the Cou1
pro- the powers, duties and FUNCTION
nd of which shall be prescribed by the
New of New Orleans. The City OF New
npow- leans shall always have the power
de its authority to make such changes II
said location of the tracks and roadbe
: such the Public Belt Railroad System
t said may by said city be deemed neces
IT the or proper. The control, admlnI
I'd for ton, management and supervise
poses the construction, maintenance, OF
nd for ton and development OF the II
| time Belt Railroad of the City OF New
|, said leans shall be exclusively vested
Port remain in such board or commls
orized which shall always be separate
charg- distinct from that Of any railroa