The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-09-09

near New Orleans bridges and tunnels for
railroad and highway use, together with
all approaches, railroad and highway con-
necti0ns. roads. roadways. railroads. ter
minals. water craft and other structures.
improvements. facilities and accessories
thereunto appertaining;
lb) To acquire, by appropriation or
or possession Of any lands or other things
necessary for the construction. equipment.
maintenance or operation of any 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 Oh 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
maturities. rates and payment Of interest
and final redemption as the said City of
New Orleans may deem advisable. subject
to the following limitations:
(a) Except as may be herein otherwise
provided, all such obligations shall be
secured solely and only by liens and mort
cages upon and against such bridges or
or other things necessary thereto. and by
a lien and pledge upon the net revenues
derived from the operation thereof. and
source or sources whatsoever. except as
otherwise stipulated herein, and not by
any tax or assessment or levy upon any
Orleans. l nor out Of any other funds ds
revenues Or things Of value of said city;
the true intent and meaning hereof being
Of the s nds ana IN the 10 ns
stated, the City of New Orleans shall
never be liable for, nor shall 1t assume,
any cr as9e "a th or Obligation incurred
visions hereof.
(b) During the period Of construction Of
such bridges and tunnels and appurte-
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
system Of the City Of New Orleans to such
extent as may be required, after provid-
ing IN the manner prescribed by Act No.
OF Louisiana. session Of 1908. for the pay
ment OF the principal and interest Of any
bonds authorized by said Act No. 179 OF
1903. whether heretofore or hereafter
(s) Any bridges or tunnels and appur-
tenances thereof constructed. equipped.
edd Ss by the Of Nsr
ferred, and all other property acquired by
the City of New Orleans under the pro-
visions Of this amendment, shall form and
are hereby constituted an integral part Of
the Public Belt Railroad system, as 1t now
or as 1t may hereafter exist, which said
system the City Of New Orleans is hereby
beyond the Parish Of Orleans; and the
Public Belt Railroad Commission of the
City Of New Orleans is hereby vested with
/ n "a x~xSk 80
Public Belt Railroad system as wen as
with respect to such bridges. tunnels, ap-
purtenances and property, their acquisi
ment as are now vested in said Commits
sion by Act No. 179 of the General As
sembly of the State of Louisiana, session
w ss to shs s6c Belt
The Public Belt Railroad Commission is
hereby authorized without prior authority
or approval ,t therefor BY the commissi9n
expend out of any of its revenues and for
the purpose Of constructing such bridges
or tunnels a sum not to exceed twenty
provided. however. that all disbursements
beyond said sum shall be made only after
they shall have been first authorized and
approvel BY the Commission Council Of
"a The Public Belt Railroad Commits
sion. under such terms and conditions as
1t may deem advisable, shall have the
tinuous movement, for any railroad. trains
over such bridges or through such tunnels
and over the main lines of the Public Belt
Railroad to the depot or yard Of sail rail-
road 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 to facilitate
the movement of trains entering the City
OF New Orleans on the east or west bank
q e the Mississippi River: Under no condi-
mission grant switching privileges to any
railroad over the Public Belt Railroad
(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 Orleans for the purpose Of this
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
or to otherwise advance and carry out the
objects and purposes of this amendment.
go The provisions Of this amendment
holders Of any and all obligations issued
Hereunder, the State Of Louisiana and
the City Of New Orleans.
ment shall be construed or Interpreted 30
as to conflict with the provisions Of Act
No. of the General Assembly Of the
State Of louisiana. session Of 1916, being
a 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.
go That all the rights, franchises and
immunities herein granted shall continue
and exist only upon the condition that the
construction of said bridge shall be ac-
lively begun not later than May /. 1920.
and that the said bridge shall be COM
pleted within five years from the date of
that after the work of construction has
begun, in the event Of delays occasioned
by litigation, strikes, panics, lockouts.
failure OF contractor or sub-contractor to