The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-10-14

near New Orleans bridges and tunnels for
raalread ana highway USE IoEsther with
neetions, roads. roadways. railroads, ter
rninals, water craft and other structures,
improvements facilities and accessories |
thereunto appertaining;
(b) To acquire, by appropriation or
otherwise, the property, ownership, use
or possession Of any lands or other things
maintenance or operation OF any such
bridge or tunnel and appurtenances, and
(cl To lay out, open. close, alter or
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 Or
leans shall extend.
(2) The City of New Orleans is further
constructing any such bridges or tunnels
and appurtenances and for the purpose of
acquiring the lands OF other things neces-
sary thereto, to issue its obligations In
such forms. numsers, denominations and
amounts, at such times and prices and
upon such terms and conditions as to
| maturitfes rates and payment OF interest
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 lien and pledge upon the net revenues
I
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 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 e s shall
any debt, liability or obligation incurred
| or created in the execution OF the pro-
I VISIONS hereof.
/ S(b1 During the period Of construction of
such bridges and tunnels and appurte-
| nances and during such times as the
not be sufficient to provide for the interest
o0and for the redemption or, any and all
i of the obligations hereinabove authorized
/ to be issued, any and all OF such obliga-
/ lions falling due shall be redeemed and
ali accrued interest shall be paid from the
net revenues of the Public Belt Railroad
extent as may be required, after proyid-
ing in the manner prescribed by Act No.
179 of the General Assembly OF the State
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
i (3} Any bridges or tanels and ap&1r-
tenances thereof cong ructed, equipNed,
maintained or operatedsby the City of New
ferred, and all other property acquired by
the City of New Orleans under the pro-
visions of this amendment, shall form and
4 are hereby constituted an integral part Of
the Public Belt Railroad system, as it now
or as it may hereafter exist. which sale
system the City of New Orleans is hereby
beyond the Parish OF Orleans: and ths
Public Belt Railroad Commission Of thu
City of New Orleans is hereby vested witt
Public Belt Railroad system as well al
with respect to such bridges, tunnels, ap
purtenances and property, their aequisi
ton, construction, operation and develop
ment as are now vested In said Commits
sion by Act No. l79 Of the General As
senbly of the State of Louisiana, session
of 1905, with respect to the Public Bel
Railroad as presently established.
8 The Public Belt Railroad Commission il
+ hereby authorized without prior authorit.
9 or approval therefor by the Commission
Council of the City Of New Orleans, +
1 expend out of any of its revenues and 70
: the purpose of constructing such bridge
4 five thousand dollars on any one contfac,
G provided, however, that all disbursement
$ beyond said sum shall be made only afte
they shall have been first authorized an
!, | approved by the Commission Council 9
e (4) The Public Belt Railroad Commits
g sion, under such terms and conditions q
n it may deem advisable. shall have tn
right to switch, handle or convey, in con
!, tinuous movement, for any railroad, train
t over such bridges or through such tunnel
9 and over the main lines of the Public Be
o Railroad to the depot or yard Of sail rail
: road or to any union passenger depot G
: union terminal of the Public Belt Railfoa
e system; 1T being understood that the sol
h purpose of this provision is to facilitat
e the movement of trains entering the Git
n of New Orleans on the east or west ban
of the Mississippi River. Under no cond
ton can the Public Belt Railroad Con
:. mission grant switching. privileges to an
}, railroad over the Public Belt Rallroa
e. system.
(5} Any bridge or tunnel constructe
and any appurtenances thereof and an
4. lands or other things necessary theret
acquired or constructed under the prt
visions of this amendment, and any ar
al property leased TO or by the City !,
Amendment aans sn during the life Of 81 the leas
4. shall be exempt from every form of ia.
- alton, special assessment or license, an
~ shall in no manner be hypotheeated, lease
y or alienated except and only TO furth
~ the acquiring of other property or prope
Of ties for the Public Belt Railroad systeI
II or to otherwise advance ana carry out g
, (6l The provisions of this amendme
- shall constitute contract between u
,e holders of any and all obligations issu4
!, the City Of New OrleaM.
VI a. None of the provislAns OF this amK
= nlent shall be construed or interpreted
C No. Of the General Assembly of t
D. State of Louisiana, session Of 1916. bell
Ile a Joint Resolution proposing an amen
VI viding for the funding of certain debts
% the City of New Orleans and of the Boa
q of Directors of the Public Schools, Pari
~ ~ Of Orleans, respectively, nor as repeaIln
~ affecting, changing or altering Act 10
u, the General Assembly of the State
n Louisiana for the year 1908, authorizil
4 4; the issuance of two million dollars
- - beads for Belt Railroad purposes.
~ J8) That all the rights, franchises al
- mmunities herein granted shan conIin
~ and exist only upon the condition that
- construction of said bridge shall pc e
h ae tgely begun not later than May J. u.
o9f ard that the said bridge shall pc cor
~ pleted within five years from the date
~ the commencement of the work; provldt
= that after the work Of construction n n
y, y, begun, in the event of delays occasion
=. failure of contractor or sub-contractor
~ any contractor or sub contractor to COZ
ne pIete work on contract time or any del
y occasioned by any act or cireumstan
J, over which the grantee herein has
Q, control. there shall be and Is here
ne granted further time for completion eql
OF to the period covered by such delays; al
provided further. II the Congress OF
: United States shall, after the eonstru
.. ton of said bridge has begun, grant
extension of time or further delay Tor {
~ completion of said bridge, then sn
additional delay shall be ana IS heTet
. ipso facto, granted under this AcI
d. Section 2. Be it further enacIeds et
That the amendment proposed by Ihls =
shall be submitted to the electors Or
State for their annroyaI or rejection