St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-14
Act No. IS

BY Mr.. Rants. Chairman. Co0mittso On
City A6airs. Substitute fer Houoe
Bill No. ITS. by Mr.. Barrett.
A JOINT RESOLUTION.
Proposing an amendment to the Con-
stitution Of the State Of Leuieiana.
power to construct. equip. maintain
and operate. through and By the
Public Belt Railroad Commissien Of
the City Of New Orleans. bridge and
tunnels across The Mississippi nives
various acts incidental thereto and
to the operation generally Of the
Public Belt Railroad system Of the
City Of New Orleans. and prevtdins
for the submission Of said amend.
their approval or rejection.
Section l. Be It enacted BY the
General Assembly Of the State Of Lou.
isiana. .wo-thirds Of al the members
elected to each House eoneurring. that
n Of the electors Of The STATE, The
Constitution Of the state 10 amended
by incorporating therein the following
provisions. to-wit:
Il! The City Of New Orleans 10
power. 81 such means ana methods -
II may deem meet and proper not In
conflict with the provisions Of this
amendment:
ta) To construct, equip. maintain
and operate across the Mississippi Riv-
and tunnels for railroad and highway
use. together with all approaches. rail-
road and highway connections. roads.
r road. ~ I ra.lroads: terminals. water
ments. facilities and aecessdriss there-
unto appertaining:
(b) To acquire. BY appropriation or
otherwise. the property. ownership.
use or possession Of any lands or other
things necessary for the construction.
Of any such bridge or tunnel and an
purtenances: and
tc) To lay out. open. close, alter or
change the route Of any roadway. nom
tunnel. or over which any part Of the
Public Belt Railroad system Of the
City Of New Orleans shall extend.
% Tho City Of New Orleans 10
purpose Of constructing any such
bridges or tunnels and eppurtenances,
and for the purpose Of acquiring the
lands or other things necessary thero-
to. to issue its oblieations In such
amounts. at such times and prices ana
upon such terms and conditions 20 70
maturities. rates and payment Of In
terest and final redemption 90 the said
08Sm 00VvD0
able. subject to the following liupita>
lions:
(a) Except % may be herein other.
wise provided. all such obligations
shall be secured solely and only By
liens and mortgages upon ana against
nances. ana the lands or other things
necessary thereto. and by Q lien aud
pledge upon the net revenues derived
from the operation thereof, and shall
~ -
source or. sources whatsoevsr. 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
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 r..
demptiOn Of. any and all Of the oh.
legations hereinabove authorised to
be ISSUED. any end all of>such obliga-
t,ons falling due shall bs redeemed a1A
all accrued interest shall b paid
from the net revenues Of the Public
Belt Railroad system OF the City Of
REQUIRED. after providing in the man
ner prescribed by Act No. ITO Of the
General Assembly Of the State Of Lou
isfana., session Of 1908. for the pay
ment Of the principal and interest Of
any bonds authorized BY said Act No.
hARnfAfnRA
hereafter issued.
(O Any bridges or tunnels and aD-
purtenances thereof constructed.
equipped. maintained or operated By
thority hereby conferred. and all
City Of New orleans under the pro-
visions Of this amendment. shall form
and are hereby constitutsd on
Rs .Ee.a .g Part Of tn !, Public s''
may hereafter exist. which said sys-
TEN the City Of New Orleans u here
BY authorised te extend and opsrat1
In and beyond the Parish Of Orleans;
sion Of the City Of New Orleans ID
/ hereby vested with the same powers
with respect to the Public Belt Rail-
road system ~ we'll - with respect "a
such bridges. tunnels. appurtenancea
and property. their acquisition. CON.
~ are now vested in said Commission
by Act No. 179 Of the General Assem-
bly, Of the State Of Louisiana, session
Of 1908, with respect to the Public
Belt Railroad - presently establish-
cd
The Public Belt Railroad Commits.
sion 10 hereby authorized without
prior authority or approval therefor By
the Commission Council Of the City Of
! New Orleans. to expend out OF any Of
its revenues and for the purpose Of
constructing such bridges or tunnell
. sum not to exceed twenty-five thou.