The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-01
Act No. 68
BY Mr.. kantZ. Chairman. Committee on
City Affairs. Substitute for House
Bill No. rs. by Mr.. Barrett.


/ BY Mr.. kantz. Chairman. Committee on
City Affairs. Substitute for House
Bill No. Us, by Mr.. Barrett.
A JOINT RESOLUTION.
! proposing an amendment 10 the Con-
stitution Of the State OF Louisiana.
| granting to the City of New Orleans
power to construct, equip, maintain
! and operate, through and by the
! Public Belt Railroad Commission Of
the City OF New Orleans. bridges and
tunnels across the Mississippi River
at or near New Orleans. and to do
various acts incidental thereto and
TO the operation generally of the
Public Belt Railroad system Of the
| City Of New Orleans and providing
! for the submission of said amend
ment TO the electors of the State for
/ their approval or rejection.
! Section !. Be it enacted by the
! General Assembly of the State Of Lou
! isiana. two-thirds Of all the members
elected to each House concurring, that
subject to the ratification and APPROX
! al of the electors of the State, the
Constitution of the State be amended
| by Incorporating therein the following
| provisions, tO-wit:
| CD The City of New Orleans is
| hereby granted plenary and exclusive
power. by such means and methods as
| IL may dtclil meet anu proper not Ill
! conflict with the provisions of this
amendment:
(a) To construct, equip, maintain
and operate across the Mississippi Riv-
! err, at or near New Orleans, bridges
and tunnels for railroad and highway
use. together with all approaches. rail-
road and highway connections. roads,
roadways, railroads. terminals. water
craft and other structures. improve
ments. facilities and accessories there
unto appertaining;
| 90 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 any such bridge or tunnel and ap-
| purtenances: and
; (c) 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 Orleans shall extend.
(2) 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 uf acquiring the
lands or other things necessary there
/ to. 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 in
terest and final redemption as the said
, City of New Orleans may deem adviS-
able, subject to the following limita-
| tions:
(a) Except as may be herein other
wise provided. all such obligations
shall be secured solely and only by
| liens and mortgages upon and against
such bridges or tunnels and appur'te-
| nances, and the lands or other things
| necessary thereto. and by 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 taxable property in the City
| of New Orleans, nor out of any other
| funds, revenues or things of value of
said city; the true intent and meaning
hereof being that save and except to
| the extent. out of the funds, and in the
manner herein stated, the City Of New
| Orleans shall never be liable for nor
! shall it assume, any debt, liability or
obligation incurred or created in the
execution Of the provisions hereof.
(b) During the period of construc-
ton Of such bridges and tunnels and
appurtenances. and during such times
as the revenues from the operation
thereof shall not be sufficient to pro-
vide for the interest on, and for the re-
dcmption of, any and all of the OBJ
| legations hereinabove authorized To
be issued. any and all of such obliga-