The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-10-10

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-
OPS to the Mississippi river shall con-
time to exist unimpaired until the
full payment of the principal and in
terest of the bonds to be issued un-
der this Act
Section T. Be it 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 tho
consent Of the Council the powers.
duties and functions of which shall
be prescribed by the City of New
Orleans. The City of New Orleans
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-
slyely 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 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 8. Be it further enacted,
ETC.. That all the provisions OF this
Act shall constitute 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
be submitted to the electors, to-wit:
THE City of New Orleans shall be
authorized and empowered to issue
two million (s2.00O.OOO.OO) 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 il
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 Official 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. NJ. LAMBREMONT.
Governor and President
of the Senate.
Approved July 3, 1908.
J. Y. SANDERS,
Governor of the State of Louisiana
A true copy.
JOIN T. MICHEL,
Secretary Of State.
ACT No. 1870.
IOuSe R,.l M 1S2 Nv Mr Ror