The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-10-28

near New Orleans bridges and tunnels for
all approaches. railroad and highway con-
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
necessary for the construction, equipment,
maintenance or operation of any such
bridge or tunnel and appurtenances; and
change the ay route Of any roadway
navigable stream or drain over which the
approaches of any such bridge or tunnel.
GI 4yer any PART 5 q n He Of He1 or
leans shall extend
CD The City of New Orleans is further
CONSTRUCTING coz Str s any p such Bridges or tunnels
and appurtenances and for the purpose OF
acquiring the lands CT 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
and final 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
or other things necessary thereto, and by
a Hen 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
Creams p nor OUT Of any other funds
revenues or things of value of said city;
the true intent and meaning hereof being
Of the sf fands and IN the mannsr s herein
stated, the City of New Orleans shall
never be liable for, nor shall it assume,
or created in the execution OF the pro-
visions hereof.
CD During the period of construction of
ass sneb t nd the
revenues from the operation thereof shall
not be sufficient to provide for the interest
ITT 1as any
to be issued. any and all of such obliga-
tons falling due shall be redeemed and
e sse 5as
system of the City OF New Orleans to such
extent as may be required. after provid-
l ING in the the manner prescribed ey Act No;
of Louisiana, session Of 1908. 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.
(3) 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 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
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, APP
ton. construction, operation and develop
ment as are now vested In said Commits
sion by Act No. 179 of the General AS
of 1905. 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.
(4) 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-
over such bridges or through such tunnels
and over the main lines of the Public Belt
Railroad to the depot or yard of sell rail-
union u terminal Of the Pabe Bet Raroad
system; ii 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
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
acquired or constructed under the pro-
visions of this amendment, and any and
all property leased to or by the City Of
amendment. during the life Of the lease.
shall be exempt from every fopm of tax
alton. special assessment or hcense and
shall in no manner be hypothecated, leased
or alienated except and OILY to further
ties for. the Public Belt railroad system.
objects and PURPOSES of this amendment.
go The provisions Of this amendment
shall constitute contract between the
| hereunder, the State Of Louisiana and
the City of New Orleans.
ca 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 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 ITO 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
construction of said bridge shall be ac-
| lively begun not later than May 1, 1920,
and that the said bridge shall be COM
the commencement Of the work; provided,
| that after the work of construction has
begun. in the event of delays occasioned
by litigation, strikes, panics. lockoutss