The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-10-17

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 mere
tofore, or may hereafter be estaDlisn-
ed by the City Of New Orleans. the
title and use to which said Public
Belt Railroad System shall be ana
shall forever be in the people OF the
CITY of New Orleans.
That all laws, servitudes. priv1l-
eces 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-
,us 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 UNI
der this Act.
Section 7. 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 % may have been or
may be Organized by the City or
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 ana
! authority to make such changes In
. the location of the tracks and road
bed of the Public Belt Railroad Sys-
/ TEN 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-
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 dlrec-
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 tho
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 IL 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 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 it further enacted, etc
= That at the congressional election
3 to be held in this State on the first
/ Tuesday, after the first Monday In
r the month Of November. 1908, the
; following amendment to the Consti
tuition Of the State Of Louisiana shall
c be submitted to the electors, to-wit
v THE City Of New Orleans shall bt
0 authorized and empowered to Issue
: two million ($2.O0O.OO0.00) dollars
= of bor's. 70 te known as Public Fell
Railroad Bonds of the City Of New
s Orleans for the purpose and under
e the provisions and conditions Sc
. forth in the Act of the Legislature
. adopted to that end, and for tina
purpose, at the regular session o.
: the Louisiana General Assembly To-
t the year 1908, which said Act II
} hereby ratified and approved; ant
all provisions of the Constitution o
8 the State in conflict with the provi
o sions Of said Act and of this amend
d ment, are to that extent and for tina
t purpose only repealed"
: Section 10. Be 1t further enact
It ed, ETC.. That ON the ofacial ballot
d to be used at said election shall b.
l. placed the words, For the Publi
Il Belt Railroad Bond Amendment.
It and the words Against the Publi,
: Belt Railroad Bond Amendment:
Il and each elector shall indicate hi
: vote on the proposed amendment u
pro,id by the general election
|. laws of the State.
IS H. G. DUPRE.
q Speaker of the House OF Represen
3 tativeS.
n p. NJ. LAMBREMONT.
It Lieutenant Governor and Presiden
y of the Senate.
l. Approved July 3, 1908.
d J.. Y. SANDERS,
3 Governor of the State of Louisiana
;, A true copy.
l. juan T. MICHEL,
" Cto<~