St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-09-23
Act No. IS

|
granting to the City Of New Orleans
| power to construct, equip. maintain
and operate, through and by the
Public Belt Railroad Commission OF
the City Of New Orleans. bridges and
tunnels across the Mississippi River
at or near New Orleans. and to do
various acts incidental thereto and
| to the operation generally Of the
Public Belt Railroad system Of the
City Of New Orleans. and providing
ment to the electors Of the State for
| their approval or rejection.
Section I. Be it 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 APPROX
al of the electors of the State. the
Constitution Of the State be amended
| by incorporating therein the following
provisions. to-wit:
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;
(a) To construct, equip, maintain
| 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
purpose OF constructing any such
| bridges or tunnels and appurtenAnces,
and for the purpose Of acquiring the
lands or other things necessary there
forms. numbers. denominations and
amounts. at such times and prices and
upon such terms and conditions as to
maturities. rates and payment Of in
tsrest and final redemption as the said
able, subject to the following imita.
tions:
(a), Except as may be herein other
wise provided, all such obligations
shall be secured solely and only by
\
such bridges or tunnels and appurte-
nances. and the lands or other things
necessary thereto, and by lien and
pledge upon the net revenues 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
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 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,fand for the re-
demption of, any and all of the OBJ
legations hereinabove authorized to
be issued. any and all of such obliga-
tons 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 extent as may be
required. after providing in the man.
ner prescribed by Act No. 179 of the
General Assembly Of the State OF Lou
ment Of the principal and interest of
any bonds authorized by said Act No.
179 of 1908. whether heretofore or
hereafter issued.
90 Any bridges or tunnels and APP
purtenances thereof constructed.
equipped. maintained or operated by
the City Of New Orleans under the au-
thortty hereby conferred. and all
other property acquired by the
City Of New Orleans under the pro-
and are hereby constituted an
integral part of the Public Belt
Railroad system, as 1t now or as it
may hereafter exist. which said sys-
tenn the City OF New Orleans Is here
BY authorized to extend and operate
and the Public Belt Railroad Commits
sion OF the City Of New Orleans Is
hereby vested with the same powers
with respect to the Public Belt Rail-
road system as we'll as with respect to
such bridges. tunnels. appurtenances
and property. their acquisition, con-
struction. operation and development
as are now vested in said Commission
by Act No. 179 of the General Assem-
bly, Of the State of Louisiana. session
Of 1908. with respect to the Public
Belt Railroad as presently establish
ed.
The Public Belt Railroad Commits
sion Is hereby authorized without
prior authority 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
q sum not to exceed twenty-fiv thou
sand dollars on any one contract. pro-
vided. however, that all disbursements
beyond said sum shall be made only
after they shall have been first author
lied and approved by the Commission
Council of the City of New Orleans.
90 The Public Belt Railroad Com
lions as 1t may deem advisable, shall
have the right to switch, handle or
convey, In continuous movement, for
any railroad, trains over such bridges
or through such tunnels and over the
main lines OF the Public Belt Railroad
to the depot or yard Of said railroad, or
to any union passenger depot or union
system; it being understood that the
sole purpose of this provision is to ia
cflitate the movement Of trains enter
Ing the City of New Orleans on the
east or west bank Of the Mississippi
River. Under no condition can the
Public Belt Railroad Commission
grant switching privileges to any
CD Any bridge or tunnel construct
ed and any appUrtenances thereof, and
any lands or other things necessary
thereto, acquired or constructed under
the provisions of this amendment. and
any and all property leased to or by
the City of New Orleans for the pur-
pose or this amendment. during the
life Of the lease. shall be exempt from
every (Qrm Of taxation ial