The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-09-30

rallrcad ana highway use, together with
nections, roads. roadways. railroads, ter
minals, water craft and other structures,
improvements, facilities and accessories
OBJ TO acquire. by appropriation or
otherwise, the property, ownership, use
or possession Of any lands OF. other things
necessary for the construction, equipment.
bridge or tunnel and appurtenances; and
.(c) To lay out, open, close. alter or
change the route of any roadway, nom
approaches OF any such bridge or tunnel.
or over which any part of the Public Belt
Railroad system of the City Of New Or
leans shall extend.
CD 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 of
acquiring the lands Or other things neces-
sary thereto. to issue its obligations in
such forms. numbers, denominations and
at such times and prices and
upon such terms and conditions as to
maturities. rates and payment of interest
and fnal 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
tunnels and appurtenances, and the lands
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
TAXABLE faIa61e property in n, 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 it 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
not be sufficient to provide for the interest
on. and for the redemption or. any and all
OF the obligations hereinabove authorized
tons falling due shall be redeemed and
all accrued interest shall be paid from the
net revenues of the Public Belt Railroad
extent as may be required. after pro Sid,
ing in the manner prescribed by Act No.
119 of the General Assembly of the State
of Louisiana. session Of 1905. for the pay
ment Of the principal and interest of any
bonds authorized by said Act No. 179 Of
1908. whether heretofore or hereafter
issued.
tenances thereof constructed. equipped,
maintained or operated by the City Of New
Orleans under the authority hereby con-
f fer e.. and al other property acquired by
visions of this amendment, shall form and
are hereby constituted an integral part of
the Public Bet Railroad system, as 1t now
or as IL 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
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, APP
purtenances and property, their acquisi-
ton, construction, operation and develop
ment as are now vested In said Commits
sion, by Act No. 179 Of the General As
of 1908, with respect to the Public Belt
Railroad as presently established.
The Public Belt Railroad Commission is
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 tunnels a sum not to exceed twenty
five thousand dollars on any one 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.
90 The Public Belt Railroad Commits
sion. under such terms and conditions as
1t 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; II IL being EN- understood that the 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.
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
all property leased to or by the City of
New Orleans for the purpose of this
amendment, during the life Of the lease,
shall be exempt from every form Of tax
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.
or TO otherwise advance and carry out the
objects and PURPOSES Of this amendment.
(6) The provisions of this amendment
shall constitute contract between the
Hereunder, the State Of Louisiana and
the City of New Orleans
Cd None of the provisions OF this amend
ment shall be construed or interpreted SO
No. 4 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.
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 i, 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, 1ockouts.
failure of contractor or sub-contractor to
deliver materials on contract time or of
a m of or sinh fro of To