New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-11-04

OthVr StfUCtufe0, improvements, taclll
ties and accessories thereunto appertai in
ing;
(b) To acquire, by appropriation o
otherwise, the property, ownership, US
or possession of any lands or othe
things necessary Tor the construction
equipment, maintenance or operation o
any such bridge or tunnel and appurrcn
ances; and
(c) To lay out, open, close, alter OF
change the route of any roadway, non
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 furth
er hereby granted power, tor the purpose
of constructing any such bridges or tun
nels and appurtenances and for the pur-
pose OF acquiring the lands or other
things necessary thereto, to issue its OBJ
legations in such forms, numbers, de-
nominations and amounts, at such times
and prices and upon such terms and con-
ditions as to maturities, rates and pay
ment of interest and final redemption as
the said City of New Orleans may deem
advisable, subject to the following lin
itations:
(a) 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 appuurtenances,
and the lands or other things necessary
thereto, and by lien and pledge upon
the net revenues derived from the ope-
ration thereof, and shall be paid there
from and from no other source or sour
ces whatsoever, except as otherwise stip-
ulated 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 it assume,
any debt, liability or obligation incurred
or created in the execution of the pro-
visions hereof.
(b) During the period of construc-
ton of such bridges and tunnels and ap-
purtenances and during such times as the
revenues from the operation thereof shall
not be sufficient to provide for the in
terest on, and for the redemption of, any
and all of the obligations herenabove
authorized to be issued, any and all Of
such obligations falling due shall be re-
deemed and all accrued interest shall b
ma h. n>< 81 Al D,,L
Belt Railroad system OF the City of New |
Orleans to such extent as may be re-
quired, after providing in the manner
prescribed by Act No. 179 of the Cen
ersl Assembly of the State of Louisiana,
session of 1908, for the payment OF The
principal and interest of any bonds au
by said Act No. 179 OF 1908,
whether heretofore or hereafter issued.
~ ANY bridges or tunnels and ap
purtenances thereof constructed, equipped,
or operated by the City of
New Orleans under the authority hereby
conferred, and all other property &C
quired by the City of New Orleans un-
der the provisions of this amendment,
shall form and are hereby constituted
m integral part of the Public Belt Rail
road system, a. it now or as it may here
after exist, which said system the Lity
Of Orleans is hereby authorized to ex-
lend and operate in and beyond the Par
len of Orleans; and the Public Belt
Railroad Commission of the City Of New
Orleans il hereby vested with the same
powers with respect to the Public Belt
Railroad system - we'll - with respect
10 such bridges, tunnels, appurtenances
md property, their acquisition, construc-
lion, operation and developments as are
now vested in said Commission by Act
No. 179 of the General Assembly Of the
State Of Louisiana, Session of 1908, with
respect to the Public Belt Railroad as
presently established.
The Public Belt Railroad Commission
% hereby authorized without prior au-
lhority or approval therefor by the Cum
mission Council Of the City of New Or
leans, to sxpend out of any of its rev.
pnuss and for the purpose of construct
ns such bridges or tunnels sum not
10 exceed twenty-five thousand dollars
IN any one contract, provided, however,
hat al disbursements beyond said sum
hall b made only after they shall have
been first Authorised and approved by
he Commission Council Of the City OF
New Orleans.
90 The Public Belt Railroad Com
mission. under such terms and conditions
10 Il may deem advisable, shall have the
,igAt to switch, handle or convey, in
,entinueus movement, for any railroad.
rains over such bridges or through such
lunnels and over the main lines Of the
Public Belt Railroad to the depot OK
vsrd Of said sailroad OF to any union
depot OK union terminal Of
10 Public Belt Railroad system; it being
Understood that the sole purpose Of this
,sovision = to facilitate the movement
4 trains entering the City Of New Or
cans On Tie east OF west hank Of the
Mississippi River. Undsr no condition
N he Public Belt Railroad Commission
pant switching privileges to any railroad
,vss The Public Belt Railroad System.
(s) Any bridge OF tunnel construct
a and any appearances thereof and
NJ lands o. ether things necessary there
., acquired o. constructed under the
lsovisiens Of The amendment and any