The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1916-09-28


generally of the Public Belt Railroad
system of the City of New Orleans,
and providing for the submission of
SAID amendment to the electors of the
State for their approval or rejection
Section l. Be it enacted by the General
Assembly of the State of Louisiana, two
thirds of all the members elected to each
house concurring, that subject to the
ratification and approval of the electors
of the State, the Constitution of the State
be amended by Incorporating therein the
| following provisions, to-wit:
% The City of New Orleans is hereby
granted plenary and exclusive power, by
meet and proper not in conflict with the
provisions of this amendment:
"a 70 construct; equip, maintain and
near New Orleans bridges and tunnels for
| railroad and highway use, together with
all approaches, railroad and highway con-
minals, water craft and other structures,
| improvements. facilities and accessories
| thereunto appertaining;
| CD To acquire, by appropriation or
otherwise. the property, ownership, use
or possession of any lands or other things
necessary for the construction. equipment.
bridge or tunnel and appurtenances; 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 Or
|
CD The City of New Orleans is further
hereby granted power. for the purpose of
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, numbers, denominations and
amounts, at such times and prices and
| upon such terms and conditions as to
maturities, rates and payment of interest
and final redemption as the said City of
New Orleans may deem adviSa ble subject
| to the following limitations:
| (a) Except as may be herein otherwise
provided, all such obligations shall be
cages, upon and against such bridges or
tunnels and appurtenances and the lands
or other things necessary thereto, and by
a 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
taxable property in the City of New
Orleans, nor out of any other funds,
revenues , or things of value Of said city
that save and except. to the extent out
of the funds, and in the manner herein
stated, the City, of New, Orleans shall
any debt, liability or obligation incurred
or created in the execution of the pro-
visions hereof.
OBJ During the period of construction OF
such bridges and tunnels and appurte-
nances and during such times as the
revenues from the operation thereof shall
not be sufficient to provide for the interest
on, and for the redemption or, any and all
of the obligations 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 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.
re SyNa1 into Of
bonds authorized by said Act No. 179 Of
; 1908, whether heretofore or hereafter
issued.
(3) Any bridges or tunnels and appur.
tenances thereof constructed, equipped
maintained or operated by the City of New
Orleans under the authority hereby con.
the City of New Orleans under the pro.
visions of this amendment, shall form ant
are hereby constituted an integral part O.
or or as It may hereafter exist. which sale
system the City of New Orleans is hereb.
authorized to extend and operate in ant
Public Belt Railroad Commission Of tn,
City of New Orleans is hereby vested will
the same powers with respect to- thu
with respect to such bridges. tunnels, ap
! purtenances and property, their acquisi
ton, construction. operation and develop
sen by aet No of the
| sembly of the State of louisiana, session
: of 1908, with respect to the Public Bel
, Railroad as presently established.
!, The Public Belt Railroad Commission il
: hereby authorized without prior author t,
J or approval therefor by the Commission
Council of the City of New Orleans, t,
expend out of any of it's revenues and TO
> the purpose of constructing such bridges
3 or tunnels a sum not to exceed twenty
E five thousand dollars on any one contract
! provided, however, that all disbursement
beyond said sum shall be made only afte
they shall have been first authorized ant
t approved by the Commission Council o
a the City of New Orleans.
al {4) The Public Belt Railroad Commits
sion, under such terms and conditions al
: it may deem advisable. shall have thu
\ tinuous movement, for any railroad, train
q over such bridges or through such tunnels
r and over the main lines of the PUBLIC Bel
Railroad to the depot or yard of sail rail
road or to any union passenger depot O
. union terminal of the Public Belt Railroad
. system; it being understood that the sol
the movement of trains entering the Cit.
of New Orleans on the east or west banl
. of the Mississippi River, Under no condi
mission grant switching privileges to an.
railroad over the Public Belt Railroas
system.
. and any appurtenances thereof and an,
lands or other things necessary thereto
0 acquired or constructed under the pro
+ visions of this amendment. and any an,
f New Orleans for the purpose of thi
amendment during the life of the lease
j shall be exempt from every form of tax
= alton, special assessment or license, AM
h shall in no manner be hypothecated, leases
e or alienated except and only to furthe
ties for the Public Belt Railroad system
Il or to otherwise advance and carry out tn
= objects and purposes of this amendment
CO. The provisions of this amendmen
e shall constitute a contract between tn
), holders of any and all obligations isSue
= Hereunder, the State of Louisiana an
\ the City of New Orleans.
u 60 None of the provisions of this amend
j. ment shall be construed or interpreted s.
u No. of the General Assembly of tn
V State of Louisiana, session of 1916, bein
!, a Joint Resolution proposing an amend
IL ment to the Constitution of the State pro
: viding for the funding of certain debts O
= the City of New Orleans and of the Boar
q of Directors of the Public Schools, Paris
: Of Orleans, respectively, nor as repeating
:, the General Assembly of the State O
e Louisiana for the year 1908, authorizin
e the issuance of two million dollars O
I bonds for Belt Railroad purposes.
u (S) That all the rights. franchises an
| immunitieS herein granted shall continu
i and exist only upon the condition that tn
:. construction of said bridge shall be ac
a lively begun not later than May l. 1926
+ and that the said bridge shall be com
q pleted within five years from the date O
q the commencement of the work; provided
y that after the work Of construction ha
begun, in the event OF delays occasione
a by litigation, strikes, panics, lockouts
= failure of contractor or sub-contractor t
deliver materials on contract time or Q