The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-10-07

railroad and highway use, together with
all approaches. railroad and highway con-
minals, water craft and other structures
improvements, facilities and accessories
thereunto appertafning;
otherwise, the property, ownership. use
or possession of any lands or other things
necessary for the construction. equipment
maintenance hr;das "a t or operation OF any such
,tc) To lay out. open, close. alter or
change the route of any roadway. nom
navigable stream or drain over which the
approaches of any such bridge or tunnel.
or over which any part of the Public Belt
Railroad system of the City of New Or
leans shall extend.
CO The City of New Orleans is further
hereby granted power, for the purpose Of
constructing any such bridges or tunnels
and appurtenances and for the purpose Of
sary thereto, to issue its obligations in
such forms, numbers, denominations and
amounts, at such times and prices and
upon such terms and conditions as to
maturities. rates and payment OF interest
and final redemption as the said City Of
New Orleans may deem advisable, subject
to the following limitations:
(a) Except as may be herein otherwise
provided, all such obligations shall be
secured solely and only by liens and mort
cages upon and against such bridges or
tunnels and appurtenances, and the lands
or other things necessary thereto. and by
a lien and pledge upon the net revenues
derived from the operation thereof. and
Shall be paid therefrom and from no other
source or sources whatsoever. except as
otherwise stipulated herein. and not by
any tax or assessment or levy upon any
Orleans. I nor out OF any other funds dx
revenues OF things Of value Of said city:
the true intent and meaning hereof being
Of the fsnds and the S ns
stated. the City Of New Orleans shall
never be liable for. nor shall it assume,
or created In the execution Of the pro-
visions hereof.
OBJ During the period of construction Of
such bridges and tunnels and appurte-
nances and during such times as the
revenues from the operation thereof shall
not be Sufficient to provide for the interest
on, and for the redemption or. any and all
to be issued, any and all of such obliga-
tons falling due shall be redeemed and
all accrued interest shall be paid from the
system of the City of New Orleans to such
extent as may be required. after provid-
ing in the manner prescribed by Act No.
Of session Of soS 20
ment of the principal and interest of any
bonds authorized by said Act No. 179 Of
1908. whether heretofore or hereafter
issued.
go Any bridges or tunnels and appur-
tenances thereof constructed, equipped,
maintained or operated by the City Of New
CiiCalo ulidCL Tic ucTGOy Gull
ferred, and all other property acquired by
the City of New Orleans under the pro-
visions of this amendment, shall form and
the Public Belt Railroad system, as it now
or as it may hereafter exist, which said
system the City of New Orleans Is hereby
authorized to extend and operate in and
Public Belt Railroad Commission of the
City of New Orleans Is hereby vested with
the same powers with respect to-. the
IN Do ufnx~ all -.
with respect to such bridges, tunnels. ap-
purtenances and property. their acQuisi-
ton, construction, operation and develop
sen By Ace Nov ef the
sembly of the State of louisiana, session
Of 1908, with respect to the Public Belt
Railroad as presently established.
The Public Belt Railroad Commission IL
hereby authorized without prior authority
or approval therefor by the Commission
Council Of the City. Of New Orleans, to
expend out of any of its revenues and for
the purpose OF constructing such bridges
or tunnels a sum not to exceed twenty
1--WE thousand dollars on any one contract,
beyond said sum shall be made only after
they shall have been first authorized and
approved by the Commission Council Of
(4) The Public Belt Railroad Commits
sion. under such terms and conditions as
II may deem advisable, shall have the
Fight to Switch handle or In
over such bridges or through such tunnels
and over the main lines of the Public Belt
Railroad to the depot or yard Of sail rail-
road or to any union passenger depot or
union terminal of the Public Belt Railroad
system; ii being understood that the sole
purpose Of this provision Is to facilitate
the movement of trains entering the City
of New Orleans on the east or west bank
Of the Mississippi River. Under no condi-
ton can the Public Belt Railroad Com
railroad over the Pubic Belt Railroad
system.
l5) Any bridge OF tunnel constructed
lands or other things necessary thereto.
acquired or constructed under the pro-
visions of this amendment, and any and
al property leased to or by the City Of
amendment. during the life OF the lease.
shall be exempt from every form of tax
alton. special assessment or license. and
shall in no manner be hypothecated, leased
or alienated except and only to further
ties for the Pubic Belt Y Railroad system system
objects and D o Of this amendment mt
go The provisions OF this amendment
shall constitute contract between the
hereunder, the State Of louisiana as' and
the City of New Orleans.
CD None of the provisions Of this amend
ment shall be construed or interpreted 20
as to conflict with the provisions of Act
No. Of the General Assembly Of the
State of louisiana, session OF 1916, being
Joint Resolution proposing an amend
ment to the Constitution Of the State pro-
viding for the funding of certain debts Of
the City of New Orleans and of the Board
of Directors of the Public Schools. Parish
Of Orleans, respectively, nor as repeating.
the General Assembly Of the State Of
Louisiana for the year 1908, authorizing
the issuance Of two million dollars Of
bonds for Belt Railroad purposes.
(S) That all the rights, franchises and
immunities herein granted shall continue
and exist only upon the condition that the
ys san Of at SAID r er S M Man be
and that the said bridge shall be COM
pleted within five years from the date Of
the commencement of the work; provided.
that after the work Of construction has
begun, in the event of delays occasioned
by LITIGATION. strikes. panics. lockouts.