The Era-leader. [volume] (Franklinton, La.) 1910-current, 1916-09-28


Improvements, facilities and accessories
flncrcunto appertalnlnc.
10 10 acquire. by appropriation or
Otherwise. the property. ownership. uSo
or possession Of any lands or other things
necessary for the construction. equipment,
| maintenance or operation OF any such
bridge OF tunnel ana appurtcI;tnces; and
tc) TO lay out open, close. alter or
change the route OF any roadway. non
Ehavigable 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 Or
deans shall extend.
I '2) The City, OF New Orleans is furlhc!
hereby granted power, for the purpose Of
constructing amy such bridges or tunnels
band ;ppurtcnances and for the purpose OF
Eacuuring the lands Of other things neces-
! s;trE thereto, to issue its obligations in
| such forms, numbers, denominations and
j;tmolllts. at such times and prices and
/ upon such terms and conditions as to
E'naturItics rates and payment OF interest
Eand final redemption AS the said City Of
/ New Orleans may deem advisable, subject
+ to the following limitations:
| provided, all such obligations shall he
secured solely and only by liens and mort
cages upon ana against such bridges or
tunnels and appurtcnanccs. and the lands
or oa'er things necessary thereto, and BY
| a lien and pledge upon the net revenues
derlved from the operation thereof, and
shall be paid thcrefrom and from no other
source or sources whatsoever, except rs
otherwise stipulated herein, and not by
amy tax or assessment or levy upon any
/ taxable property in the City OF New
/ Orleans, nor out Of ANY other funds,
revenues Q: 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-
visions hereof.
(b) 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 herenabove authorized
TO be ISSUED. any and all Of such Ohliga-
tions 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 provid
ing in the manner prescribed by Act No.
~ OF the General Assembly Of the State
at Louisiana, session OF 1908, for the pay
bonds authorized by said Act No. II? of
1908, whether heretofore or hereafter
issued.
90 Any bridges or tunnels and appur-
tenanccs 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
are hereby constituted an integral part OF
The Public Belt Railroad system, as it now
or as it 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
DOLL ~.
City Of New Orleans is hereby vested with
the same powers with respect to the
Public Belt Railroad system as we'll rs
with respect to such bridges, tunnels. APP
purtenances and property, their acquisi-
sion by Act No. 179 of the General AS
semhly of the State of Louisiana, session
Of 1905, with respect to the Public Belt
haiiroad as presently, established.
The Public Belt Railroad Commission is
hereby authorized without prior authority
or approval therefor by the Commission
Council Of the Cit! 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
live 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
the City Of New Orleans.
Cd 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-
unuous movement, for any railroad, trains
over such bridges or through such tunnels
and over the main lines of the Public Belt
Ra'iroad 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-
ton can the Public Belt Railroad Com
railroad over the Public Belt Railroad
system.
% Any bridge or tunnel constructed
ana any anpurtenances thereof and any
lands or other things necessary thereto,
visions of this amendment, and any and
Al property leased to or by the City of
New Orleans for the purpose of this
amendment, during the life of the lease
snall De exempt from every form of tax
shall in no manner be hypothecated. leased
or aIlenated except and only to further
the acquiring Of other property or proper
ties for the Public Belt Railroad system,
or 70 othcrWise advance and carry out the
go The provisions of this amendment
Shail constitute a contract between the
holders of any and all obligations issued
thereundcr: the State of Louisiana and
the City Of New Orleans.
90 None Of the provisions of this amend
ment shall be construed or interpreted so
as TO conflict with the provisions Of Act
No. of the General Assembly of the !
state OF Louisiana, session of 1916, being |
a,c 994 It t resolution proposing an amend
vlding for the funding Of certain debts Of |
the City Of New Orleans and of the Board |
OF Directors of the Public Schools Parish
OF Q e. orleans, respectively. nor as repeating,
the General Assembly Of the State Of
louisiana for the year 1908. authorizing
the issuance Of two million dollars OF
bonds n1 10 for Belt Railroad purposes
~ inat all the rights franchises and
construction of said bridge shall be &C.
lively begun not later than May !, 1920.
and that the said bridge shall be COM
pEleted 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 accustomed
oy., litigation, strikes. panics, lockouts.
failure OF contractor or sub contractor to
leliVcr materials on contract time or Of
olete work on contract time or any delay
,ccasloned by any act or circumstance
over which the grantee herein has no
control. there shall be and is hereby J
granted further time for completion equal
% the period covered by such delays: and.
provided further, il the Congress Of the
!nlted States shall, after the construc-
ion OF said bridge has begun, grant an
of time or further delay for the
completion of said bridge, then such
additional delay shall be and is hereby.
pso facto. granted under this Act
~, section 2. Be it further enacted, etc.,