The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-10-14

urrttuus reals Tuaaaaya railroads. ieTs
Haaais, water craft agd other structures
improvements facilities ami accessories
iHsfepuio 3ppetalHiaE
ibl Io acquire Hs appropriation 90
otherwise Tie property ownership. use
ur possession Il ANS lands 81 other things
necessary ieI the construction equipment.
maintenance uT operation % Aly such
bridge o.. iHHHGi 4HI HppuTieHaUgya aud
lst To- af out open. close. alter or
change the rosie 1t ans roadway. non
8aFisdbs stream uT drain over which the
approaches ut #HF such bridge az tunnel
Of over which au5 part oi the Public hgit
Railroad system 81 the 'ltY OF NrW OF
40 The CItg ii Nea orleans ls further
hereby granted power. Tor the purpose ~
Huuslrg Tag aHs such bridges o. tunnels
uu JppurtrUauoes aHd for the purpose %
acquiring the lands 81 other things neces-
Hafy thereto, g. Issue It's obligations Ia
such forms, uumsefs, denominations aud
amounts "a such times aud prices and
HpHH sAyH terms ana conditions AZ 10
matarup# rates and psyment u interest
aud final redemption AS the said city uf
So the follow HE limitations
90 Except as ula1 be herein otherwise
provided. AL such obligations shall be
scrggri solely and only hg lena and mort
FIEeH upon and against such bridges or
tunnels ana sppunenahees, AMI the lands
81 other things necessary thereto. and by
q lirH and pledge upon the net revenues
derived from the operation thereof, and
shalt be paid thvrelrom aud from $50 other
source a. sources whatsoever, except as
otherwise stipulated herein and not hy
8HE taA Hg assessment UF leyy upon any
taxable property iH the city OF NeW
Orleans. nor uut OF am other funds,
revenues II things uf value % said city
the u8n intent and meaning hereof being
that save anal rANepi, 90 the extent, out
~ the funds ana Ia the manner herein
stated, tht tltg ct New Orleans shall
never be liable fer nor shall II assume,
ans debt liability ur obligation Incurred
OF created IN the execution ui the pro-
visions hereof
tt) During the period Of construction Of
sHs.h bridges AMI tunnels aud appuF9e-
HaHggs and during such times as the
revenues from the operation thereof shall
hot be Sufficient 10 provide for the interest
on. and Tor tie redemption or, any and al
81 the obligations hereinaboYc authorized
tu bee issHrd aHy and ali 1T such obliaa-
tons falling due shall bg redeemed and
al accrued Interest shall be paid from the
Hrt revenues ~ The Public Belt Railroad
81 stem If Ia, tltN Of New orleans TO such
extent AS Hay be required. after provid-
lHE lh tie manner prescribed by Act Ne.
lf1 Of the General Assembly OF tho state
III Louisiana. session Of 1905, for the pay
meBt % the principal and interest ~ any
bonus authorized by said Act Nc lTs 81
1898, whether heretofore or hereafter
Issued
80 Ans bridges OF tunnels and appur.
letaHtes thereof constructed, equipped.
maintained or operated b the city Of New
Orleans under the authority hereby con
iyIftd, Hla a,ll other property acquired by
The tftA pt New Orleans under the pro-
visions ui iHiA amendment. shall form and
are hereby constituted an integral part Of
Ebg Public iisii Railroad sR stem. as II now
HF aa is Mas hereafter exist which said
system thn 1ity II New Orleans Is hereby
authorized g. extend and operate iu and
bvs 0u1 The Parish u Orleans and the
lubI.g iielt Railroad Commission 90 the
CITY 81 New Orleans is hereby vested with
The Same powers with respect to the
Puddle tfit Railroad system as well as
With respect &c such bridges, tunnels, APP
pUteh3rges and property their acqqisi-
t3"na construction operation ana develop.
meni ~ are gus vested ~ said Commits
slpR tS Act SEQ. it3 Of the General A.
.lGNH ef Tie state II Louisiana, session
q ltHs, Alih lCspert Ga the Public Belt
| Railroad as presently established
The l'uhiie Belt Railroad commission Is
hereby authorized without prior authority
1T approval therefor by the Commission
council ui the cts at New Orisaus 60
pst..Ha oul ~ aHy II It's revenues aud tof
/ tie purpose ~ constructing such bridges
~ tunnels q sum not TO exceed twenty
/ hF, bpuE sua dollars on any enc contract
Frp, saeA however 3hat HA disbursements
b,5 HHI sad sum shall be made uhly after
Lhrh EbaH have teou FIRST authorized and
approved hy the Commission Council Of
thv CTS pf New Orleans
90 The iublig Belt Railroad Commits
.5HH. under sHih terms and conditions as
q may deem advisable shall have the
right 70 switch handle ~ convey, lU com
4Aaous movement fuT any ra&lfuad trains
over such hgliEeH ~ through such tunnels
aud ever the main Hines ~ the Public Belt
! Railroad 60 ghg depot OF yard ~ sail rail.
FfEsfH a. fHffAffE HEHFf a.
union terminal ef the Public Heit Railroad
sFstCm a being understood That The sole
purpose If this provision De 10 facilitate
! the movement Of trains entering the City
- New orleans ON the east OF west bank
4 The N Mississippi River Under 30 caHdi
| tlou can thu Public b,it Railroad Com
mission grant switching privileges Ga any
railIoad over the Public Belt Railroad
| SYSTEM
J5l AHy bridge or tunuel constructed
4ad any appurteuaueeH thereof and any
lands o. other things necessary thereto,
| acquired ui constructed under the pro-
| visions 81 tbs amendment and any and
| AH property leased io 8y hy the City oi
| New Orleans foE the purpose Of this
amendment during the lfs of the lease.
| shall bs exempt from every form Of tax
| atlgH special assessment ~ license. and
| shall iu asa manner be hypulbecated, leased
| sr Dllenaiei except and oily 10 further
| the acquiring ~ other property o. proper
| or b. otherwise advance aud carry out the
| objects and PURPOSES 81 this amendment
| 40 The pros isiuHs # this amendment
/ shall constitute contract between The
| holders II any aud all obligations ISSUED
! hereunder the Statv II Louisiana and
/ the City 81 Mex Orleans
! 90 None ~ the prov siang II this amend
| mtut shall be construed or interpreted 81
! Hs tu CuH8lrf with the provisions u Act
| No 3 NJ the Ggnrfal Assembly II the
| state If Louisiana, session ~ 1875, being
| "a Joint Resolution proposing an amend
1 mcHt 80 the Constitution 81 islp state pre-
/ yidiHg fer the funding II certain debts Of
: the cts ~ New Orleans aud 81 the Board
81 utfe tors et lhe Public schools, Parish
| 90 orleans, respectively, nof as repeating,
| t0rgilHg. changing on altering Act lis 0f
| the General Assembly u the State oi
! / pulEiAua fwf the Year 1908, authorizing
/ the lsaHaHrr If two million dollars 81
| bonds fog Rtlt Railroad purposes
! 50 That all the rights franchises and
| mmuHitloH herein granted shall continue
| ahd eNlBt unll upuB ihe condition that tie
| CuHsi rif iiun 81 sAid bridge shall bo &c
tRely begun not batter than May !, 1890,
| aui that the said bridge shall be com
piptca within five years from the date ~
| the commencement ~ Ihp work. provided.
/ that after the work Of construction has
| begun tn the event If delays occaElniie8
| Is litigation strikes paniee leekouts,
| failure 81 contractor uF sub contractor %
| deliver materials nn contract time Or Of
IauF contractor or sub contractor tU rem
| pietr work or contract time o. any delay
over Ahlrh the grantee herein has no
/ la and IL harPHg