The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-11-04

nections, roads, roadways, railroads, ter
improvements. facilities and and accessories lei;
thereunto appertaining;
OBJ To acquire, by appropriation or
oth 1r, the property, ownership; use
necessary for the construction, equipment,
maintenance or operation of any such
bridge or tunnel and appurtenances; and
tc) 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
Ranroad system OF the City of New Or
leans shall extend.
90 The City, of New Orleans is further
constructing any such bridges or tunnels
ana appurtenances and for the purpose OF
acquiring the lands Cf other things neces-
sary thereto. to issue its obligations in
ssch 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:
(al 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
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
revenues or things of value Of said city:
the true intent and meaning hereof being
that save and except. to the extent. out
stated. the City of New Orleans shall
never be liable for, nor shall ii assume,
any debt. liability or obligation incurred
or created in the execution of the pro-
visions hereof.
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
system of the City Of New Orleans to such
extent as may be required. after provid
ing in the manner prescribed by Act No.
dfs Of the General Assembly ad Of the State
ment OF the principal and interest of any
bonds authorized by said Act No. 179 OF
1908. whether heretofore or hereafter
issued.
CD Any bridges or tunnels and appur-
tenances thereof constructed, equipped,
maintained or operated by the City of New
Orleans under the authority hereby con-
ferred, and all other property acquired by
the City of New Orleans under the pro-
visions of this amendment, shall form and
the Public Belt Railroad system, as it now
or as il 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
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 acquisi-
ton. construction, operation and develop
sion by Act No. 179 of the General As
sembly of the State of Louisiana, session
81 IsOs, with respect to the Public Belt
The Public Belt Railroad Commission is
hereby authorized without prior authority
or approval therefor by the Commission
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 snail have been first authorized and
approvel by the Commission Council OF
CD The Public Belt Railroad Commits
sion, under such terms and conditions as
| IL may deem advisable. shall have 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
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
Of the Mississippi River. Under no condi-
mission grant switching privileges to any
| railroad over the Public Belt Railroad
| system.
80 Any bridge or tunnel constructed
and ANY appurtenances thereof and any
| lands or other things necessary thereto,
acquired or constructed under the pro-
all property leased to or by the City Of
New Orleans for the purpose of this
amendment. during the life of the lease.
on ener or and
shall in no manner be hypothecated. leased
| or alienated except and only to further
es for the of H5hf Be R Or
or to otherwise advance and carry out the
objects and purposes Of this amendment.
(6l The provisions Of this amendment
shall constitute contract between the
holders of any and all obligations issued
hereunder, the State of Louisiana and
the City of New Orleans.
(D None of the provisions OF this amend
| ment shall be construed or interpreted SO
| as to conflict with the provisions sof Act
No. Of the General Assembly OF the
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 1905, authorizing
the issuance of two million dollars OF
bonds for Belt Railroad purposes.
(S) 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 1. 1920.
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
begun, in the event Of delays occasioned
| by litigation. strikes, panics. lockouts.
failure Of contractor or sub-contractor to
deliver materials on contract time or OF
any contractor or SUBJ contractor to COM
| plete work on contract time or any delay
occasioned by any act or circumstance
| over which the grantee herein has no
control, there shall be and is hereby
granted further time for completion equal
| to the period covered by such delays, and,
provided further, II the Congress of the