The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-09-30

tb1 30 acquire % tAEleWlttloa ni
Otherwise, Tho property ownership, usv
og possession IL ans lands on other things
necessary IHI tho construction, equipment
maintenance OF operation ~ aht such
bridge go pIuHel and apHufteuHHecs and
80 10 las 84I upgA close. alter OF
change The rDatG " aHA raadN as non
uayisable stream Of drain over which tae
| aIsE8ashss ui AUy such bridge uY tanned.
/ 81 over Nhlgh aHy part 81 the EabbC Belt
Railroad system II The cts OF NeA Or
! leans shall extend
80 The CITY ~ New orleans Is further
hereby ETAAtrsi power for the purpose Of
constructing ans such bridges on tunnels
and agpuf,euaueea aud for the purpose ~
| acquiring the lands ~ other things neceB
Hai} thereto, 10 issue iis obligations ~
| such forms uGusefR. denominations AMI
amounts az such times and prices and
| apun sHch terms AHd conditions IS tc
/ nAlurltles, rates and pas ment o. Interest
! AMI final redemption as the said ,itY 81
! New orleans may deem advisable subject
50 the following bmiiatong
90 Except as may bp herein otherwise
| provided. all such obligations shan be
secured solely aud only by liens and mort
| EaRes upon and against such btidges or
! tunnels and appurtenaupes and the lands
| OF other things necessary thereto. and by
4 hyu tha pledge apoH the net revenues
| derived from the operation thereof aud
| shall be- paid thefelfon and nom no other
source 90 sources Whatsoever, except ~
| otherwise stipulated herein, and not hy
ans taA or ssseRsmeHt aF ieNS upon any
| taxable property m tue city 81 New
| bFtpAnt, nor 8Bt Of any other funds,
| revenues "a things 81 value u said city
/ the true intent and meaning hereof being
| that save and except 90 the extent, out
/ II the funds and 10 the manner herein
| stated the city Of New Orleans shall
never be liable for, her shall IL assume,
| ans debt. liability or obligation incurred
| or created IN the execution Of the pro
visions hereof
tbD During the period of construction 81
| such bridges and tunnels and appurte-
| revenues from the operation thereof SHAH
| not br sufficient te provide for the interest
/ Oh, ami for the redemption OF, any and all
~ the obligations hereinaboNe authorized
/ to be- issuvd, any and al 81 such obsiga
| tons falling due ehali be redeemed and
| all accrued interest shall be paid from the
/ net revenues u the Public Belt Railroad
/ S. stem II The city Of New OrleaRs TO such
| extent as may be required. after pTpvld.
| ing IN the manner prescribed by Act No.
| 10 81 the General Assembly OF the state
/ Ci Louisiana, session II 1903. fOg the pay
| fnsnt ot the principal aud interest oi ans
| huftds authorised by said Act No li9 Of
| 1905 ahether heretofore OF hereafter
issued
| go ANY bridges or tunnels aud appur-
| teHangEs thereof constructed equipped.
| maintained 81 operated b. the Ctis u New
/ Orleans under Che authority hereby con
/
/ the cts " New Orleans under the pro.
/ visions al this amendment, shah form and
| Hfr hereby ChBstitulsd an integral part Of
| the Public ttelt Railroad system, as II now
i st AS Il may hereafter exist which said
| system "a. tity of Nav Orleans IL hereby
| authorized 10 extend and operate tn and
/ beyond the Parish % ORLEANS, and the
| Public liett Railroad Commission 0f the
| city ~ New Orleans Is hereby vested with
! the same powers with respect 20 the
! Public htlf Railroad system as we'll as
! with respect % such bridges, tunnels. APP
| psftfnances and property. their acauisl-
| tun construction, operation aud develop
mtui rs are now vested u said Commits
sion b. Act Ne i3y Of the General Az
| semhiS OF the state 81 Louisiana, session
! Of 1858 with respect 10 the Public Belt
| Railroad as presently established
| he iubiic BELT Railroad Commission IL
hereby authorized without prior authority
| or approval therefor by the Commission
| Council 81 the city Of New Orleans, 90
eNlrnd eut % any Of It's revenues end for
| the purpose OF constructing such bridges
| ~ tunnels "A SUM not 10 exceed tseuty.
| five Thousand dollars on any one contract
/ PROV, ied, however. that all disbursements
| hes ond said sum shall be made gfiiY after
| ihe} shaii have besn first authorized and
| appfotei b. the Commission Couaeli of
| the CITY 81 New Orleans
! th The Pablo Belt Railroad Commits
| sten. undef such terms and conditions as
| u may deem advisable. shall have the
right a. switch. handle OF convey, ia con
| uuuous movement, for any railroad, trains
over such bridges Of Through such tunnels
and over the main lines Of the Public Belt
! Railroad 10 the depot or yard % sail rail-
| toad ~ "a any union passenger depot OF
union terminal II the ffubiic felt Railroad
stem II being understood that the sole
purpose RI this provision IL so facilitate
| the movement Of trains entering the city
~ New Orleans OBI the east 81 vest bank
| = the Mississippi River, Under 30 eondl-
~ hH..tH EaasHHE -
mission grant switching privileges 20 any
railroad over the Public Belt Railroad
- stem.
| 90 Any bridge Or tunnel constructed
and any appuFtenauces thereof and any
lands OF other things necessary thereto.
acquired or constructed under thu pro-
| Visions Of this amendment aud any and
al property leased o. or BY the city Of
New Orleans for The purpose Of this
| amendment during The life 81 the lease,
| shall he exempt from every form ~ tax.
alton, special assessment or license, and
| shall iB no manner be hypothecated. leased
~ aiiehated except and oBiy % tufthsf
The acquiring Of other property OF proper.
ties fer the Public Belt Railroad system,
or TO otherwise advance ard carry cat the
objects and batsysts at this amendment
| go The provisions Of this amendment
shall constitute q contract between the
| holders 81 any and all obligations Issued
hereunder the state Of Louisiana and
the CIV 81 New Orleans
20 None al the pros slons Of this amend
lntui shall Le construed of interpreted 80
as 80 conflict with the provisions ~ Act
| No. 8 uf the General Assembly uf the
| state 0f Louisiana, session ~ 1916, being
| a Joint Resolution proposing aH amend
| mFni 20 the Constitution uG the state pro-
yialug foF the funding Of certain debts of
the city 81 New Orleans and ef the Hoard
lot Directors 81 the Public schools, tafiRh
II Orleans respectively. nor as repeating,
affecting. changing u altering Act 40 u
the General Assembly Of the State 81
Louisiana fur the }tdT 1905, authorizing
thr ifsuaHet Of two million dollars 81
bonds for Iielt Railroad purposes.
| go That ah the rights. franchises and
| lmmguitles herein granted shall continue
and eAist eHly upon the condition that the
construction of aaid bridge shall be aC-
| tiyelA begun not later than May ], 1899
| and that the said bridge shall be com.
plgtad within FIVE years from the date ~
the commencement 81 the work provided
that after the work u construction has
begun ln The event 81 delays pCeBHioued
Ihg litigation HirAss pancs, luck8uta
failure 81 contractor uT sub contractor a.
/ deliver materials pn contract time or Of
| lHy contractor or sab contractor 10 com
plstg work on contract time ur aHy delay
| ate8SIanrd bY any ACT OF circumstance
over shirh The grantee herein has no
control there SHAH be and IL hereby
! granted further time for completion equal
| ~ the period covered hy such delays and,
provided further II The Congress u the
| United states shall after the rDusirBc-
ttgH ~ said hFtdze has tsEuH grant an