The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-10-14

near New Orleans bridges and tunnels for
railroad and highway USE, together with
all approaches, railroad and highway con-
mnais waSsr AVA ,b ris1aos ter
improvements. facilities and accessories
thereunto appertaining;
Sb) To acquire, by appropriation or
otherwise, the property, ownership, use
or possession Of any lands or other things
necessary for the construction. equipment,
maintenance or operation of amy such
(c) To lay out, open, close. alter or
change the route OF any roadway, nom
navigable stream or drain over which the
or over which any part of the Public Belt
Railroad system of the City of New Or
leans shall extend.
hereby granted power. for the purpose of
constructing any such bridges or tunnels
and appurtenances and for the purpose of
acquiring the lands or other things neces-
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
and final redemption as the said City of
New Orleans may deem advisable, subject
to the following limitations:
ta1 Except as may be herein otherwise
secured solely and only by liens and mort
cages upon and against such bridges or
tunnels and appurtenances. and the lands
a lien and pledge upon the net revenues
derived from the operation thereof, and
shall be paid therefrom and from no other
otherwise stipulated herein. and not by
any tax or assessment or levy upon any
taxable property in the City of New
Orleans. nor out Of any other funds.
the true intent and meaning hereof being
that save and except, to the extent, out
Of the funds, and in the manner herein
OF ha of nx-rro ~
never be liable for, nor shall ii assume,
any debt, liability or obligation incurred
or created in the execution OF the pro-
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
of the obligations hereinabove authorized
to be issued, any and all Of such obliga-
tons 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
ing in the ne by No
l79 of the General Assembly of the State
OF louisiana. session OF 1908, for the pay
m nnnds OF the principal and interest Of any
1908. whether heretofore or hereafter
issued.
CD Any bridges or tunnels and appur-
IL
maintained or operated by the City of New
Orleans under the authority hereby con-
ferred, and all other property acquired by
visions Of this amendment, shall form and
are hereby constituted an integral part of
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
beyond the Parish Of Orleans; and the
Public Belt Railroad Commission of the
NJ 0xf, L.
the same powers with respect to the
Public Belt Railroad system as well as
with respect to such bridges, tunnels, ap-
purtenances and property their acqgisi-
ment as are now vested in said Commits
sion by Act No. 179 Of the General AS
sembly of the State of Louisiana, session
Railroad as presently established.
The Public Belt Railroad Commission is
hereby authorized without prior authority
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 sum not to exceed twenty
five thousand dollars on anyone contract,
provided, however. that all disbursements
beyond said sum shall be made only after
they shall have been first authorized and
approved by the Commission Council Of
the City of New Orleans.
(D The Public Belt Railroad Commits
sion, under such terms and conditions as
IL may Qtem aQNlSdDle, snail nave the
right to switch. handle or convey. in con-
tinuous movement, for any railroad, trains
over such bridges or through such tunnels
and over the main lines of the Public Belt
road or to any union passenger depot or
union terminal OF the Public Belt R6ilroad
system; it being understood that lie sole
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
mission grant switching, privileges to any
railroad over the Public Belt Railroad
system.
(5) Any bridge or tunnel constructed
and any appurtenances thereof and any
lands or other things necessary thereto.
acquired or constructed under the pro-
visions of this amendment, and any and
~ New os the S or by as city
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
the acquiring OF other property or proper
ties for the Public Belt Railroad system,
objects and PURPOSES of this amendment
90 The provisions Of this amendment
shall constitute contract between the
holders of any and all obligations issued
the City of New Orleans.
Cd None of the provisions OF this amend
ment shall be construed or interpreted 30
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 fer 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,
affecting, changing or altering Act 179 OF
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.
immunities herein granted shall continue
and exist only upon the condition that the
construction of said bridge shall be ac-
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
by litigation. strikes. pauics. lockorta.