New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-10-07

railroads, terminals, water craft a.
other structures, Improvements, facil
ties and accessories thereunto appe1tai.
ing;
~ To acquire, by appropriation
: otherwise, the property, ownership, u
OF possession of any lands or 9th
things necessary Tor the cons lipctlo
equipment, maintenance or ope1a.lon
any such bridge or tunnel and appurtei
ances; and
(c) To lay out, open, close, alter
navigabfe stream or drain over winch l..
approaches of any such bridge CT tunnt
or over which any part OF the Publ
Belt Railroad system Of the City of Ne
Orleans shall extend.
(2) The City of New Orleans is furt
er hereby granted power, for the purpo
of constructing any such bridges OK tul
nels and appurtenances and tor Tie pu
pose of acquiring the lands or otht
things necessary thereto, to issue its Oh
legations in such forms, numbc.s, q,
nominations and amounts, at such tim.
and prices and upon such terms AID CO.
ditions as to maturities, rates and pa.
ment of interest and final ledem uon Z
the said City of New Orleans may dee
advisable, subject to the following lii
itations:
(a) Except as may be herein othe
wise provided, all such obligations sh.
be secured solely and only NY l.e.ls a.
mortgages upon and agalnst su.
bridges or tunnels and appuu1 .enanc.
and the lands or other things i.ecessa-
thereto, and by lien and pledse up.
the net revenues derived nom the op.
ration thereof, and shall be paid there
from and from no other source or sou
ces whatsoever, except as otherwise stil
A3lated herein, and not by any tax {,
assessment or levy upon any taxab-
property in the City of New Orleai.
nor out of any other funds, revenues I,
things of value of said city; the tIu
intent and meaning hereof being tn
save and except, to the extent, out
the funds, and in the manner here.
stated, the City Of New Orleans sh~
never be liable for, nor shall II assui.-
any debt, liability or obligation lncurl
or created in the execution OF me p4.
visions hereof.
(b) During the period Of constru
ton of such bridges and tunnels anu =.
purtenances and curing such times as L.
revenues from the operation the4eo1 sha
not be sufficient to provide tor The IL
terest on, and for the redemption OF, Al
and all of the obligations hereinabo.
authorized to be issued, any and all
such obligations falling due snail be +.
deamed and all accrued interest snail
paid from the net revenues of the Publ.
Belt Railroad system of the City OF Ne.
Orleans to such extent as may be Il
qu,red, after provioing in the lam.
prescribed by Act No. 179 of TIE Ge.-
eral Assembly OF the State OF Lou.slan.
session Of 1903, for the paymen. OF Il
principal and interest of any bo-.As a.
thorized by said Act No. I/9 O. ~
whether heretofore or hereafter l..Aed.
~ Any bridges or tunnels al a.
purtenances thereof constructed, e4u.ppe
maintained, or operated by Inc LAY
New Orleans under the authority aeIeL
conferred, and all other proper
quired by the City of New Orle---s w.
der the provisions of this anne linen
snail form and are hereby Constitute
Al integral part Of the Pubic Beat RAJ.
roAd system, as it now or as le N.Y. her.
~. exist, which said system tie Ll..
81 Orleans is hereby authorized % e.
tend and operate in and beyond LIE P.
ish of Orleans; and the Public Be
Commission of the City % Ne
Orleans is hereby vested with the SAL
powers with respect to the PUBL Be
Railroad system as well as with .espe~
to such bridges, tunnels, appurte4anc.
and property, their acquisition, ccAs,rut
ton, operation and developments as a.
now vested in said Commission by A..
No. 179 of the General Assembly of til
State of Louisiana, Session of 1870, wit
respect to the Public Belt Railroad a
presently established.
The Public Belt Railroad Commissic
ID hereby authorized without priof Az
thority or approval therefor by the Coz
mission Council of the City of. New g.
cans, to expend out of any of its rev
eaues and for the purpose of construct
ug such bridges or tunnels sum
% exceed twenty-five thousand doll.
IN any one contract, provided, howes.
hat all disbursements beyond said sun
hall be made only after they shall hav,
,een first authorized and approved b.
he Commission Council Of the City o
New Orleans.
az The Public Belt Railroad Com-
mission, under such terms and conditions
o it may deem advisable, shall have tht
Pit to switch, handle OK convey, IL
bo1huous movement, for any railroad
fas over such bridges or through sucl
sSiels and over the main lines of tbs
.ublic Belt Railroad to the depot OF
ard of said railroad OK to any union
sssenger depot or union terminal OF
he Public Belt Railroad system; it being
nderstood that the sole purpose Of this
revision il to facilitate the movemen.
trains entering the City of New Or
,ans on the east or west bank of the
Mississippi River. Under no condition
IN the Public Belt Railroad Commission !
rant switching privileges to any railroad
yer the Public Belt Railroad System.
(5) Any bridge or tunnel construct