The Natchitoches enterprise., 1916-11-02
Act No. 68

by Mr.. Kantz, Chairman, Committee or
City Affairs. Substitute for House
Bill No 17S. by Mr.. Barrett.
A JOINT RESOLUTION.
Proposing an amendment to the Con
stitution OF the State of Louisiana
granting to the City of New Orlean
power to construct, equip, maintaif
and operate, through and by th'
Public Belt Railroad Commission
the City of New Orleans, bridges anf
tunnels across the Mississippi Rive
at or near New Orleans, and to d.
various acts incidental thereto ont
to the operation generally of thu
Public Belt Railroad system Of tht
City of New Orleans, and previdinF
for the submission of said amend
ment to the electors of the State fol
their approval or rejection.
Section /. Be 1t enacted by the
General Assembly of the State of Lou
isiana, two-thirds of all the members
elected to each House concurring, that
subject to the ratification and approv-
al of the electors of the State, the
Constitution of the State be amended
by Incorporating therein the following
provisions, to-wit:
1) The City OF New Orleans is
hereby granted plenary and exclusive
power, by such means and methods as
1t may deem meet and proper not In
conflict with the provisions of this
amendment
and operate across the Mississippi Riv-
er, at or near New Orleans, bridges
and tunnels for railroad and highway
use, together with all approaches, rail-
road and highway connections, roads,
roadways, railroads, terminals, water
craft and other structures. improve
ments, facilities and accessories there
unto appertaining;
(b) To acquire by appropriation or
otherwise. the property ownership.
use or possession of any lands or other
| things necessary for the construction,
equipment, maintenance or operation
of any such bridge or tunnel and ap-
purtenances: 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 Orleans shall extend.
(2) The City of New Orleans is
further hereby granted power. for the
| bridges or tunnels and appurtenances,
| and for the purpose of acquiring the
| lands or other things necessary there
| to, 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 In
| terest and final redemption as the said
| City OF New Orleans may deem adviS-
able, subject to the following limita-
1 tions:
(al Except as may be herein other
/ wise provided. all such obligations
shall be secured solely and only by
liens and mortgages upon and against
such bridges or tunnels and appurte-
nances, and the lands or other things
| necessary thereto, and by g lien and
| pledge upon the net revenues derived
| from the operation thereof, and shall
| be paid theTefrom 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, revenues or things of value Of
| said city; the true intent and meaning
| hereof being that save and except to
the extent, out of the funds, and In the
manner herein 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 provisions hereof.
(b) During the period OF construc-
ton OF such bridges and tunnels and
appurtenances, and during such times
as the revenues from the operation
thereof shall not be sufficient to pro-
vide for the interest on. and for the re-
dcmption of, any and all of the OBJ
liKations hareInabove authorized to
- iIausa. tay and ell Of such obiiga'