New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-09-09

other stru,tures. improvements, tacili
ties and accessories thereunto appertain
ing;
tbD To acquire. by appropriation OIL
otherwise, the property. ownership, use
or possession of any lands or othe,
things necessary aor the construction
equipment maintenance or operation OF
any such bridge or tunnel and sppurtcu-
snces, and
Co To lay out, open. close. alter OF
change the route of any roadway, non
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
Orleans shall extend
az The City Of New Orleans is furth-
er hereby granted power, for the purpose
nj constructing any such bridges or tun-
nels and appurtensnces and for the rur
pose OF acquiring the lands or other
things necessary thereto. 10 issue its ob
legations in such forms. numbers de
nominations and amounts, at such times
and prices and upon such terms and con
ditions as TO msturites, rates and pay
ment of interest and final REDEEM ption as
advisable subject to the following lin
itations:
"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 appuurtenances,
and the lands or other things necessary
thereto. and by lien and pledge upon
the net revenues derived from the ope-
ration thereof. and shall be paid there
from and from no other source or sour
res whatsoever, except as otherwise stp-
ulated 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 shall
never be liable for, nor shall il assume.
any debt, liability or obligation incurred |
or created in the execution of the pro-
visions hereof
(bl During the period of construc-
tion OF such bridges and tunnels and APP
purtenances and during such times as the
revenues from the operation thereof shall
not be sufficient to provide for the in
terest on. and for the redemption of. any
and all of the obligations hereinabove
Authorized to be issued, any and all of
such obligations falling due shall be re-
deemed 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 re-
quired, after providing in the manner
prescribed by Act No. 179 Of the Gen
eral Assembly Of the State of Louisiana,
session of 1908. for the payment of the
principal and interest of any bonds au-
fhorized by said Act No. 179 of 1908,
whether heretofore or hereafter issued.
~ Any bridges or tunnels and ap-
purtenances thereof constructed, equipped,
maintained, or operated by the City Of
New Orleans under the authority hereby
oonfsrred. and all other property ac-
quirsd BY the City Of New Orleans I'M
asr the provisions Of this amendment,
Dhall form and are hereby constituted
- integral part Of the Public Belt Rail-
road system, - II now OF % II may here
litter exist, which said system the City
u Orleans 10 hereby authorized to ex-
|snd and operate In and beyond the Par
sh Of Orleans; and the Public Belt
Railroad Commission Of the City Of New I
JEleans 10 hereby vested with the same c
powers with respect to the Public Belt q
Railroad system % we'll - with respect Z
. such bridges, tunnels, appurtenances
nd property, their acquisition, construc-
lon, operation and developments as are .
low vested In said Commission BY Act
70. 179 of the General Assembly of the '
|tste Of Louisiana, Session of 1908, with I
aspect to the Public Belt Railroad a. d
established.
The Public Belt Railroad Commission .
hereby authorized without prior au- h
hority or approval therefor by the Com c
mission Council of the City of New Or |,
sans, to expend out Of any of its rev. c
nues and for the purpose of construct a
~ such bridges or tunnels 4 sum not q
exceed twenty-five thousand dollars h
a any one contract, provided, however, A
hat oil disbursements beyond said sum p
hall be made only after they shall have q
cen first authorised and approved by 81
be Commission Council Of the City of cl
lew Orleans. a.
~ The Public Belt Railroad Cum c
,ission, under such terms and conditions al
, II may deem advisable. shall have the q.
eht to switch, handle or convey. in Of
'ntinuous movement, for any railroad.
'ains over such bridges or through such T
annels and over the main lines of the 3,
'ublic Belt Railroad to the depot or S
ard of said railroad or to any union c
assenger depot or union terminal of N
'e Public Belt Railroad system; it being sa
Understood that the sole purpose of this d.
revision is TO facilitate the movement
trains entering the City of New Or ct
ans on the east or west bank of the AZ
Mississippi River. Under no condition of
IN the Public Belt Railroad Commission We
rant switching privileges to any railroad sa
'er the Public Belt Railroad System.
S) Any bridge or tunnel construct II
and any appurtenances thereof and at
~ lands or other things necessary there "f
, acquired or constructed under the Ia
DIVISIONS Of this amendment and any tn