New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-10-14

railroads, terminals, water craft al
other structures, Improvements, faciII
ties and accessories thereunto appertair.
ing; .-JAA.n'-
,b) To acquire, by appropriation Z
otherwise, the property, ownership, US
or possession OF any lands or othe
things necessary Tor the const1Nctio
equipment, maintenance or operation Q
any such bridge or tunnel and appurren
ances; and
(cy To lay out, open, close, alter @
change the route Of any roadway, non
navIgable stream or dram over winch tn
approaches of any such bridge TUNE.
or over which any part OF the Publ
Belt Railroad system of the City OF NeW
Orleans shall extend.
(2) The City OF New Orleans is furth
er hereby granted power, tor the purpos,
of constructing any such bridges or tun
neis and appuIteuances and Ior ..e pu4
pose OF acquiring the lands or othe-
things necessary thereto, to issue its Oh
legations in such forms, numD..s, de
nominations and amounts, II such time.
and prices and upon such terms and COL
dItions as to maturitIes, rates aild pay
ment Of interest and final REDEEM .lon a.
the said City OF New Orleans may dee.4.
advisable, subject to the following in.
itations:
(a) Except as may be herein othe.
wise provided, all such Obligations sha j..
be secured solely and only oy' At.ls an
mortgages upon and againsl suon
bridges or tunnels and appuurI enance-,
ana The lands or other things ne,essaI :.
thereto, and by a lien and pleu.e upo.
the net revenues derived tom the ope
ration thereof, and shall be paid there
from and from no other source or sour
ces whatsoever, except as otherwise stlp-
uiated herein, and not by any tax Q.
assessment or levy upon any taxable
property In the City OF New Orleans,
nor out of any other funds, revenues
things of value OF said city; the true
intent and meaning hereof being tina,
save and except, to the extent, out
the funds, and In the manner herein
STATED, the City OF New Orleans sha..
never De liable tor, nor SHAH II assu...e,
or created in the execution OF the pro
VISIONS hereof.
(D) during the period OF consuuc-
ton of such bridges and tunnels anu al-
purtenances and curing such umes AS tn.
revenues from the operation theAeo sha..
not be sufficient to provide tor the IN
terest on, and tor the redemption o., any
and All of the obligations hereinabos.
authorized to be issued, any and all Ga
sucn obligations falling due shan be re
deemed and ali accrued interest shall b
PAID from the net revenues OF the tubli~
BELT Railroad system OF the City OF New
Orleans to such extent as may De re-
CURED, after proviaing In the lame
prescribed by Act NO. l7Y of tLe Gen
eral Assembly OF the State OF L. .siana,
session OF 1913, for the paymen. ot the
principal and interest OF any bo-As Az
snorized by said Act No. I/9 q 1908,
whether heretofore OK hereafter l,ued.
20 ANY bridges OK tunnels alA ap-
thereof constructed, e.. -ippe-.
or operated by lne -.ty ..
New Orleans unoer the authority AeIeDy
and all other proper &c
Qu,red by the City OF New Urle.-.s UNI
nsr the provisions Of TINS sme"-lnent,
shall form and are hereby -Atute~
IN integral part OF the fuoiic Bel Rail
ROAD system, as it now OF as AZ MAJ here
after exist, which said system lie City
pf Orleans 10 hereby authorized % ex-
Esnd and operate in and beyond 49, Pa.
|sh Of Orleans; and the ruollc be..
Railroad Commission OF the City New
Orleans 10 hereby vested with tn SAM.
powers with respect to the Puo..c be..
Railroad system - well - with -espec.
o such bridges, tunnels, appurt..4ance.
ind property, their acquisition, co-slruc-
ion, operation and developments AS are
low vested in said Commission oy Ac.
No. 179 of the General Assembly of tho
State Of Louisiana, Session OF lsUo, with
aspect to the Public Belt Kailr~.d as
established.
The Public Belt Railroad Com ission
. hereby authorized without prioi AL
hoyity or approval therefor by the Com
mission Council Of the City of New o.
sans, to sxpend out of any of its rev
nues and for the purpose of construct
% ouch o1l0GeS OF tunnels q sum MOI
. exceed twenty-five thousand dolia.
u any one contract, provided, howev~-,
hat all disbursements beyond said sum
hall bs made only after they shall have
cen first authorized and approved by
he Commission Council Of the City OF
lew Orleans.
90 The Public Belt Railroad Cum
lission, under such terms and conditions
} il may deem advisable, shall have the
ght to switch, handle or convey, in
,ntinuous movement, for any railroad,
aims over such bridges or through such
lnnels and over the main lines of the Z
ublic Belt Railroad to the depot or s
md Of said railroad or to any union {
lsssngss depot or union terminal of
y Public Belt Railroad system; it being .
Adssstood that the sole purpose of this d
DIVISION 10 to facilitate the movement
trains entering the City of New Or G
ans on the east or west bank Of the q
ississippi River. Under no condition o
= the Public Belt Railroad Commission '
ant switching privileges to any railroad .
" The Public Belt Railroad System.
~ Any bridge or tunnel construct I
nad any nppuYtenancea thereof and :.