The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-10-28

taerraGta appgftRuHg
fhf 1a Nr44ars. hs appropriation ur
otherwise. the property Ownership 4s.
uE possession II ass aaHs uf s1Hpf things
at.tsstIE iuF iHr construction equipment
maintenance 90 operation ~ 1855 such
EtI1er of i5HHrl $3.50 aFEHfl"Hau,v#. and
tfH ia Ns nH. HIHH. close. alter ul
change ttr route - any fuaiAas. HaH.
HaNIgabir stJtA4. gI Dram over which the
approaches ri ans such bridge uT tunnel
uf over Hh..h aUs uaH ri tHe Futile itsst
NatEutg system 1T thr 'ttE sf N,N Or
leans shall extend.
~ Ibe cts of New Orleans ts further
hrf,tE granted power for the purpose -
aHa apEHrifHaHpss and igF the purpose -
acquiring iHH hH4s a. ether things Huess
~tf1 thereto. 90 Issue lis obligations iu
such iufWHr H8WsgrE, denominations aud
amounts. at such times aHd prices aud
HlsuH such terms ami conditions Aa 10
HlIfaftira rates and Et4 mrut ~ interest
aud mat redemption Ha the said CITY II
Nra Orleans HaF deem advisable subject
g. ~, following limitations.
CA Except 8a mas be herein UtheFa isr
provided aA such obligations shah be-
secured SOLELY aud uuly b. liens and mort
cages upon aHd against such bridges 90
tunnels aAd afFugtruaHyss aud the lands
OF either things necessary thereto, and hY
Zen and pledge upon the net revenues
derived from the operation thereof and
SHAH tu paid thuFyffum and from no other
FeBtHv ul sources Whatsoever. except As
uthrfNIzr stipulated herein. aud hot by
aHF tstA eI assessment uT isyy upon aUy
taxable HTepyrlh n the City OF New
Orleans. nor uat AZ ans other funds
res oH8eR - things ut value 81 said cts
the true intent and meaning hereof being
hat save ASH except lu the extent out
If the tuHis, and iu the manner herein
never bo liable for, HuF shall it assume
aNy debt liability uT obligation incurred
af created ia the execution IT the pro
visions hereof
10 During the period Of construction Of
eNh bridges aDa tunnels and HEpurte.
naHHHs and during such times - the
revenues from The operation thereof shall
NOT Ia sufficient % provide for the interest
Hts s'j Ter thr redemption cor, ahE and all
at the obligations hsfeHabpNs authorized
ta }fr issued, auE and an uf such ohlFa-
toms falling auo shall Ia redeemed and
all accrued interest shAil bu paid from the
net revenues 81 iAu Public belt Railroad
system - the lis IL New Orleans 60 such
lhE lH Ne manner prescribed b. Act ~.
ltH e. the General Assembly ct The state
~ lHaiHuuH session 90 1905. for the pa2
WCnt Of the principal aud interest uf ans
buuHs authorized Us said Act No. Ia II
1908, whether heretofore ef hereafter
issued
t3l Any bridges oF tunnels and appur-
teHaHsrs thereof constructed, equipped
maintained OF operated by the city % New
ORLEANS uHttr the authority hereby con
fsTrrt, and al other property acquired b.
The CITY 81 NeS Orleans under the pro-
visions - this amendment. shall form And
lgs hereby constituted Hu integral pa, ut
he Public bTli Railroad system. as ii now
a. HH u mHE hereafter exiEt. which Faid
si,m the City ut New Orleans is hereby
authorized a. extend and operate iu aud
hel end the Parish Of Orleans. and the
iuthr itli Railroad commission Of the
CITY Il New Orleans rs hereby vested Wiih
the same powers with respect 90 the
Public Eelt Railroad system as well as
with reSlc,, 50 such bridges tunnels, ap
puritnarJcs and property their Requisi-
ton, construction, operation and develop.
meat as are now vested IN said Commits
auH by Act No 10 - the General As
ssmhly u the State 81 Louisiana, session
~ 1908, with respect 20 the Public Belt
Railroad ar presently established
The Public Belt Railroad commission IL
hereby authorized without prior authority
~ approval therefor BY the Commission
Council Of the city Of New Orleans, 60
sApead uat AZ ans ~ is revenues aud for
The p4TPesn oi constructing such bridges
~ tauiels "A sum not 10 exceed Ia cnty
Eve thousand dollars on any enc contract
provided, hoNeEe that all disbursements
Uel uHd SAID SUM shall be made auiS after
lhe} shall have been first authorized and
approved by the Commission Council 81
ihg cts ul NpR Orleans
80 The Public helt Railroad Commits
Enilf uH8eI such terms and conditions IS
u may deem advisable, shall have the
light tu switch. handle ga convey. Boa con
unuous luuN eWrHt, Tor any railroad, trains
over such bridges ur through such tunnels
and oyer the main lines ~ the Public Belt
Railroad 20 Ihr depot or yard II sail rail-
road or 90 any union passenger depot OF
union terminal - the Public Helt Railroad
~ stem IL being understood that the sole
~ fEta II IA
the movement - trains entering he city
ui New orleans uU tie east 81 vest bank
e the Mississippi River Under Ha cundi
ton can the Public Belt Railroad Com
mission grant switching privileges to any
railroad over ghc Public Belt Railroad
system
90 ANY bridge o. tunnel constructed
ana ans APP .rieaauuts thereof and any
lands ot other things necessary thereto,
acquired At rtaFtFutted under the pro
visions Of THIS amendment and any and
all property lvaHvd 20 ct by the cts Of
New Orleans fpf the purpose II this
amendment during the fife n the lease |
shall bc exempt from every form of tax
alton special assessment 90 license, and
shall lH Hu manner be hy PUthegatcd, leased
or alirnaiei except and ouig Ga further
The acquiring IT other property Of proper
Ties for the Public i&cit Railroad system |
ar 60 otherwise advance ana carry uut the
objects aHd purtsses Of this amendment
shah constitute a contract between the
holders IL any and ai Obligations Issued |
thryrHIarr the State OF louisiana and
lht cts 81 Nrw tislsatus,
90 >unr ct The prov slana Of this amend
mrHt shall be- construed UT interpreted so
ss O. conflict Wtih the provisions II Act |
No. 2 Of the General Assembly % the
state al Louisiana. session ~ 1915. being
a Joint Resolution proposing aR amend
mruf lu the Constitution ~ the state pro-
A. FEF s.F fattr AafF q
The olly - NcW Orleans and ~ The Board !
81 orleans, respectively nor as repeating
the General Assembly II the state 81 |
fAg issuance Il two million dollars 81 |
houas fuf Iclt Railroad purposes
50 That al the rights, franchises aha |
imWunltgs herein granted shall continue
and exist only upon the condition that the /
construction of sald bridge shall BE ac-
lively begun H0t later than May !, 1890 |
and that the said bridge shall be com.
plstuH within FIVE years from the date of |
that after the suFk 81 construction has |
begun, 10 the event uf delays ecraHiened /
tE litigation STRIKES. paHlrs, lpCkuuts |
deliver materials u8 contract time az 81 |
anf contractor or sub contractor 20 corn.
gisir WORK un contract time az any delay
0eg1EiDuti hy shy act Df circumstance
over which the grantee herein has 30 l
granted further time for completion equal |
a 4. 4. a. e.. .#-.e