The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-09-14

tions falling due shall be redeemed and
all accrued interest shall be paid
from the net revenues of the Public
Belt Railroad system of the City OF
New Orleans to such extent as may be
required, after providing in the man.
ner prescribed By Act No. 179 Of the
General Assembly of the State of Lou
isiana, session of 1908, for the pay
ment of the principal and interest Of
any bonds authorized by said Act No.
l19 of 1905 whether heretofore or
hereafter issued.
CD Any bridges or tunnels and ap-
purtenances thereof constructed,
equipped, mainta.7 ned or oucrated by
the City Of New Orleans under the au-
thority hereby conferred and all
ether property acquired by the
City OF New Orleans under the pro-
visions of this amendment, shall form
integral pert Of the Public Belt
Railroad system, as il now or as it
may hereafter exist, Whi2h said Sy5-
tenn the City of New Orleans - here
by authorized to extend and operate
in and beyond tho Parish of Orleans;
and the Fubnc Belt Railroad Commits
sion OF the City of New Orleans Ia
hereby vested with the same powers
with respect to the Public Eett Rail-
road system as well 40 with respect to
such brtdgsa, tunnels, appurtcnanCc9
and property, their acquisition, con-
atruction, operation and development
as are now vested in said Commission
by Act No. 179 Qf the General Assem-
bly, of the state of Louisiana, Sc lion
Of 1908, with resp act to the Pu5lic
Belt Railroad as presently establish
ed,
The Public Belt Railroad Commits
sion is hereby authorized without
prior authority or approval therefor by
the Commission CQuhetl of the City Of
New Orleans. 10 expend out of any of
Its revenues and for the purpose of
constructing such bridges or tunnels
sand dollars on any one contract, pro-
Vided, however, that all disbursements
beyond said sum shall be made only
after they shall have been first author
lied and approved by me Commission
Council of the City of New Orleans.
() The Public Belt Railroad Com
mission, under such terms and condi-
ttons as ~ may deem advisable, shall
nSNe the right to SWITCH handle or
Convey, in continuous movement for
any railroad, tratna ever such bridges
or through such tunnels and over the
main lines of the Public Belt Railroad
10 the depot or yard Of said railroad, or
to any union passenger depot or union
terminal of the Public Belt Railroad
system; it being understood that the
sole purpose of this provision is 10 ia
Gillette the movement Of trains enter
Ing the City Of New Orleans on the
east or West bank of the Mississippi
RtysR Under no condition can the
Public Belt Railroad Commission
grant switching privileges to any
railroad over the Public Belt Eailroad
system.
(5l Any bridge or tunnel construct
ed and any appurtcnaaces thereof. and
any lands or other things necessary
thereto, acquired or Constructed under
! the provisions of this amendment, and
any and all property leased TO or by
| the City OF New Orleans for the pur-
pose of this amendment, during the
| life of the lease. shall be exempt from
| every form Of taxation. special assess
ment or icenee, ana shaft in 20 man.
ner be hypotheeated. leased or alien
| ated exeent and only 70 further the ac-
| auiring Of other property or proper
ties for the Public Belt Railroad sys-
! tenn, or to otherwise advance and
carry out the ehieets and pnrpases of