St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-11-04
Act No. IS

By Mr.. Kantz, Chairman, Committee on
City Affairs. Substitute for House
Bill No. ITS. by Mr.. Barrett.
A JOINT RESOLUTION.
Proposing an amendment to the Con-
stitutfon of the State of Louisiana.
granting to the City OF New Orleans
owe to construct. equip. maintain
and operate, through and by the
Public Belt Railroad Commission of
the City of New Orleans, bridges and
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
for the submission Of said amend
ment to the electors of the State fer
their approval or rejection.
Section /. Be 1t enacted by the
General Assembly of the State of Lou
isiana. two-thirds of all the members
elected to zach House c%oncurring, that
subject to the ratification and approx
al of the electors of the State. the
Constitution of the State De amended
by incorporating therein the following
provisions, to-wft:
"a The City Of New Orleans IL
hereby granted plenary n exclusive
power, by such means n methods as
1t may deem meet m proper not In
conflict with the provisions of this
amendment:
(a) To construct, equip, maintain
and operate across the Mississippi Riv-
er. at or lear New Orleans. bridges
and tunnel 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 appertainfng;
{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
change the route of any roadway, nom
nayigable 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
further hereby granted power, for the
purpose of constructing any such
bridges or tunnel and a~ppurtenances,
and for the pr of acquiring the
lands or other things necessary there
to, to issue its obligations in such
FORMS. numbers, denominations and
amounts, at such times and prices and
upon such terms n conditions as to
maturities, rates and payment of in
terest and fina1 redemption as the said
City of New Orleans may deem advis-
able, subject to the following limfta-
tions:
(a) Except as may be herein other
wise provided. all such obligations
shall be secured solely and only by
liens and mortgages upon and against
such bridges or tunnels and appurte-
nances, and the lands or other things
necessars thereto, and by a lien and
pledge upon the net 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 tag or assessment or levy
upon any taxable property in the City
of New Orleans, nor out of n 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 shall never be liable for, nor
shall it assume any debt. liability or
obligation incurred or created in the
execution of the provisions hereof.
(h) 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, and for the re-
demption of. any and all of the OBJ
legations ~hereinabove authorized to
be Issued. sny and all of such obliga-