The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-09-02

near New Orleans bridges and tunnels for
railroad and highway use, together with
all approaches, railroad and highway con-
minals, water craft and other structures,
improvements, facilities and accessories
thereunto appertaining;
OBJ To acquire, by appropriation or
otherwise, the property, ownership, use
or possession of any lands or 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
navigable 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
Co 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 OF 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:
la) Except as may be herein otherwise
provided, all such obligations shall be
cages upon and against such bridges or
tunnels and appurtenances, and the lands
or other things necessary thereto, and by
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
Orleans nor out of any other funds.
the true intent and meaning hereof being
that save and except, to the extent, out
Of the funds, and in the manner herein
never be liable for. nor shall it 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
not be sufficient to provide for the interest
on, and for the redemption or, any and all
of the obligations hereinabove authorized
lions falling due shall be redeemed and
| all accrued interest shall be paid from the
| net revenues of the Public Belt Railroad
system Of the City Of New Orleans to such
ing in the manner prescribed by Act No.
| 179 of the General Assembly Of the State
Of Louisiana, session Of 1908. for the pay
bonds authorized by said Act No. 179 Of
1908, whether heretofore or hereafter
| issued.
| go 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
are hereby constituted an integral part Of
| the Public Belt Railroad system, as 1t 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
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-
tion. construction. operation and develop
ment as are now vested in said Commits
sion by Act No. 17s of the General AS
sembly of the State of Louisiana, session
Of 1905. 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 shall have been first authorized and
the City of New Orleans.
i "a The Public Belt Railroad Commits
sion, under such terms and conditions as
Ii 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
Railroad to the depot or yard Of sail rail-
road or to any union passenger depot OF
union terminal Of the Public Belt Railroad
purpose of this provision is to facilitate
J the movement of trains entering the City
: of New Orleans on the east or west bank
ton can the Public Belt Railroad Com
mission grant switching privileges to any
railroad over the Public Belt Railroad
system.
(5) Any bridge or tunnel constructed
and any appurtenances thereof and any
lands or other things necessary thereto
visions of this amendment, and any and
all property leased to or by the City q
New Orleans for the purpose Of this
s5a be agrng s the syers s e the 81
, alton, special assessment or license. and
', shall in no manner be hypothecated. leaset
or alienated except and only to further
tes for the Pubic III f Bet G RSailroad system
or to otherwise advance and carry out thu
objects and purposes OF this amendment
. shall constitute contract between thu
J holders Of any and all obligations issues
thereunder; the state OF Louisiana ant
Cd None of the provisions OF this amend
ment shall be construed or interpreted 81
! as to conflict with the provisions Of Ac
State of Louisiana, session OF 1916. beini
: | Joint Resolution proposing an amend
= ment to the Constitution Of the State pro
viding fer the funding of certain debts o
. the City of New Orleans and of the Boar
: of Directors of the Public Schools. Parish
! of Orleans, respectively, nor as repeating
affecting, changing or altering Act 179 o
!, the General Assembly OF the State o
! Louisiana for the year 1908. authorizing
, the issuance of two million dollars o
! bonds for Belt Railroad purposes.
(2l That all the rights. franchises AM
I limmunities herein granted shall continu
L and exist only upon the condition that tn
. construction of said bridge shall be &C
: lively begun not later than May ], 1926
= and that the said bridge shall be com
!. pleted within five years from the date o
= the commencement of the work; provided
! that after the work of construction ha
1 begun in the event OF delays occasions
!. by litigation, strikes. panics. lockouts
!. failure of contractor or sub-contractor Z
Z deliver materials on contract time or o