reglab/housing_qa huggingface dataset:
LA Rev Stat § 48:859 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§859. Construction of bridges

RS 859 - Construction of bridges  Any parish may construct, subject to the approval hereinafter required, any bridge, or construct improvements to any bridge theretofore constructed or acquired, whenever such construction is deemed expedient. The parish may purchase within this state and within any adjoining state, solely from funds provided under authority of this Sub-part, any lands, structures, rights of way, franchises, servitudes, and other interests in lands, including lands under water and riparian rights of any person or political subdivision, deemed necessary for the construction of any such bridge, upon such terms and at such prices as are considered reasonable by it and can be agreed upon between it and the owners thereof. It shall take title thereto in its name.  The state of Louisiana consents to the use of all lands lying under water which are within the state and are necessary to the construction and operation of any such bridge and the approaches and appurtenances thereto. All bridges constructed, acquired or improved under the provisions of this Sub-part shall be so constructed, acquired or improved only after having received approval of the Department of Highways of the state of Louisiana, or its successor. This approval shall be with respect to location and the relationship of the bridge to an integrated system of state highways, as determined by the Department of Highways of the state of Louisiana, or its successor.  To afford users of any such project a reasonable choice of motor fuels of different brands, each gasoline service station or site therefor shall be separately offered for lease upon sealed bids for private operation and, after at least 4 weeks notice of the offer has been published in a newspaper having general circulation in the state, each such lease shall be awarded to the highest responsible bidder therefor, who may provide for the operation of the service station by a third person, but no person shall be awarded or have the use of, nor shall motor fuel identified by the trademarks, trade names, or brands of any one supplier, distributor, or retailer of such fuel be sold at, (1) consecutive service stations along one side of such project, or (2) more than one service station if they constitute more than 20 percent of the service stations on such project.  Amended by Acts 1954, No. 664, §2.
LA Rev Stat § 48:860 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§860. Construction of connecting highways

RS 860 - Construction of connecting highways  Upon the letting of a contract for the construction of a bridge under the provisions of this Sub-part, the director of highways shall commence or proceed with the construction of any highways necessary to connect the bridge with the state highway system. He shall complete this construction on or before the date the bridge is opened for traffic.
LA Rev Stat § 48:861 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§861. Restoration of or compensation for damages or destroyed property

RS 861 - Restoration of or compensation for damages or destroyed property  All public or private property damaged or destroyed in carrying out the powers granted under this Sub-part shall be restored or repaired and placed in its original condition as nearly as practicable or adequately paid for out of the funds provided by this Sub-part.
LA Rev Stat § 48:862 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§862. Issuance of bridge revenue bonds; security; how payable

RS 862 - Issuance of bridge revenue bonds; security; how payable  The governing authority of any parish may provide by resolution at one time and from time to time for the issuance of bridge revenue bonds of the parish for the purpose of paying the cost of any one or more of such bridges. This resolution shall recite an estimate of the cost. The principal and interest of the bonds shall be secured by a conventional mortgage upon the bridge and by pledge of the revenues thereof sufficient in amount to pay the principal and interest on the bonds as they severally mature. The bonds and the coupons attached thereto shall not be a charge upon any other income or revenue of any parish, the state of Louisiana, or any agency or political subdivision thereof, nor shall said bonds and coupons constitute an indebtedness or pledge of, or affect the general credit of, any parish, the state of Louisiana, or any agency or political subdivision thereof, within the meaning of any constitutional or statutory limitation of indebtedness. The principal and interest of the bonds may be made payable in any lawful medium.  In the discretion of the governing authority of the parish, bonds of a single issue may be issued for the purpose of paying the cost of any one or more bridges.  Amended by Acts 1954, No. 664, §3.
LA Rev Stat § 48:863 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§863. Date; interest; maturity; redemption

RS 863 - Date; interest; maturity; redemption  The bonds of each issue shall be dated. They shall bear interest at not more than six per cent per year, payable annually. They shall mature at a time determined by the governing authority of the parish, but not more than forty years after date of issuance. They may be made redeemable before maturity, at the option of the parish, at a price and under terms and conditions fixed by the governing authority thereof prior to the issuance of the bonds.
LA Rev Stat § 48:864 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§864. Form of bonds; signatures

RS 864 - Form of bonds; signatures  The governing authority of the parish shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denominations of the bonds and the place or places of payment of principal and interest thereof, which may be at any bank or trust company within or without the state. The bonds and any interest coupons attached thereto shall be executed in the manner determined by the governing authority of the parish. If any officer whose signature appears on the bonds or coupons ceases to be such an officer before the delivery of the bonds, his signature shall nevertheless be valid and sufficient for all purposes in the same manner as if he had remained in office until delivery.
LA Rev Stat § 48:865 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§865. Negotiability of bonds

RS 865 - Negotiability of bonds  All bridge revenue bonds issued under the provisions of this Sub-part have all the qualities and incidents of negotiable instruments under the Negotiable Instruments Law.
LA Rev Stat § 48:866 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§866. Temporary bonds

RS 866 - Temporary bonds  Prior to the preparation of definitive bonds, the parish may, under the same restrictions as apply to definitive bonds, issue temporary bonds, with or without coupons, exchangeable for definitive bonds upon the issuance of the latter.
LA Rev Stat § 48:867 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§867. Registration of bonds; coupon bonds

RS 867 - Registration of bonds; coupon bonds  Provision may be made for the registration of any of the bonds in the name of the owner as to principal alone and also as to both principal and interest and for the issuance of new coupon bonds in exchange for bonds registered as to both principal and interest.
LA Rev Stat § 48:868 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§868. Sale of bonds; proceeds; deficiencies and surpluses

RS 868 - Sale of bonds; proceeds; deficiencies and surpluses  The governing authority of the parish may sell the bonds in the manner and for the price which it determines to be for the best interests of the parish, but no such sale shall be made at less than par. The proceeds of the sale of the bonds shall be used solely for the payment of the cost of the bridge or bridges and shall be disbursed under such restrictions, if any, as the governing authority provides.  If the proceeds of the bonds, by error or calculation or otherwise, are less than the cost of the bridge or bridges, additional bonds may in like manner be issued to provide the amount of the deficit. Unless otherwise provided in the mortgage or the trust indenture hereinafter mentioned, these latter bonds shall be considered to be of the same issue and shall be entitled to payment from the same fund without preference or priority of the bonds issued first. If the proceeds of bonds issued for any bridge or bridges exceed the cost thereof, the surplus shall be paid into the sinking fund provided for the payment of principal and interest of the bonds.
LA Rev Stat § 48:869 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§869. Privilege upon bond proceeds

RS 869 - Privilege upon bond proceeds  Subject to the provisions of R.S. 48:882, all moneys received from any bridge revenue bonds issued pursuant to this Sub-part shall be applied solely to the payment of the cost of the bridge or bridges or to the appurtenant sinking funds. Until so applied, there is a privilege upon the money in favor of the holders of the bonds or the trustee in respect of the bonds.
LA Rev Stat § 48:870 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§870. Replacement of mutilated, destroyed, or lost bonds

RS 870 - Replacement of mutilated, destroyed, or lost bonds  The governing authority of any parish may provide for the replacement of any bond which is mutilated, destroyed, or lost.
LA Rev Stat § 48:871 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§871. Proceedings and conditions to issuance of bonds

RS 871 - Proceedings and conditions to issuance of bonds  Bridge revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things specified and required by this Sub-part or by the constitution. The powers conferred by this Sub-part are in addition to the power conferred by any other law, and this Sub-part, without reference to any other law is full authority for the purpose hereof.
LA Rev Stat § 48:872 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§872. Mortgage foreclosure; right of purchaser to franchise

RS 872 - Mortgage foreclosure; right of purchaser to franchise  Any mortgage granted under this Sub-part may be foreclosed by seizure and sale of the encumbered property, in the manner provided by law for the foreclosure of conventional mortgages, including the right to executory process.  Any resolution adopted or mortgage or trust indenture entered into under the provisions of this Sub-part shall provide for the granting by the governing authority of the parish of a franchise to the purchaser at foreclosure sale for the operation of the bridge mortgaged or indentured. This franchise shall run for a period of not more than forty years from the date of the sale and shall be subject to any other constitutional or statutory limitations pertaining to the granting of municipal franchises.
LA Rev Stat § 48:873 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§873. Bridge revenue refunding bonds

RS 873 - Bridge revenue refunding bonds  Any parish may provide by resolution for the issuance of bridge revenue refunding bonds of the parish for the purpose of refunding any bridge revenue bonds issued under the provisions of this Sub-part and then outstanding. The issuance of the bridge revenue refunding bonds, the maturities, and other details thereof shall be governed by the other provisions of this Sub-part insofar as they apply and by provisions of this Section.  No bridge revenue refunding bonds shall be delivered, unless delivered in exchange for bridge revenue bonds to be refunded thereby, except in the amount necessary to provide for the payment of matured and redeemable bridge revenue bonds or bridge revenue bonds maturing or redeemable including any redemption premium thereon.  No bridge revenue refunding bonds shall be issued, unless issued to refund bridge revenue bonds which have matured or will mature within six months, or are callable, or unless the interest rate of the bridge revenue refunding bonds is at least one-fourth of one per cent less than the interest rate borne by the bridge revenue bonds to be refunded.
LA Rev Stat § 48:874 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§874. Limitation of bonded debt

RS 874 - Limitation of bonded debt  Bonds issued under this Sub-part are not subject to the limitations as to the amount of bonded debt in a parish, based upon the amount of the assessed value of taxable property.  Amended by Acts 1952, No. 127, §19.
LA Rev Stat § 48:875 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§875. Trust indenture authorized as security; corporate trustee

RS 875 - Trust indenture authorized as security; corporate trustee  In the discretion of the governing authority of any parish issuing its bonds under the provisions of this Sub-part, each or any issue of bonds may be secured by a trust indenture by and between the parish and a corporate trustee, conveying or mortgaging the bridge and pledging the income and revenues thereof in an amount sufficient to pay the principal and interest on the bonds as they severally mature.  The corporate trustee shall be any trust company or bank having the powers of a trust company within or outside of the state.
LA Rev Stat § 48:876 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§876. Expenses of indenture part of cost

RS 876 - Expenses of indenture part of cost  All expenses incurred in carrying out a trust indenture may be treated as a part of the cost of maintenance and operation of the bridge or bridges affected by the indenture.
LA Rev Stat § 48:877 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§877. Rights and remedies of bondholders and trustees; limitation of action by bondholder

RS 877 - Rights and remedies of bondholders and trustees; limitation of action by bondholder  The trust indenture may set forth the rights and remedies of the bondholders and of the trustee and restrict the individual rights of action of bondholders as is customary in trust indentures serving bonds and debentures of corporations.
LA Rev Stat § 48:878 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§878. Provisions to protect bondholders

RS 878 - Provisions to protect bondholders  Either the resolution providing for the issuance of bridge revenue bonds or the trust indenture made in connection therewith may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as are reasonable and proper and not in violation of law.
LA Rev Stat § 48:879 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§879. Action to enforce rights of bondholders and trustee

RS 879 - Action to enforce rights of bondholders and trustee  Except as otherwise provided by resolution passed before the issuance of the bonds by the trust indenture, any holder of any bonds issued under the provisions of this Sub-part or of any of the coupons attached thereto, and the trustee under the trust indenture, if any, may, by any proceeding, protect and enforce all rights granted under this Sub-part, or by the resolution or trust indenture, to be performed by the parish, its governing authority or by the director of highways, or any officer thereof.
LA Rev Stat § 48:880 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§880. Designation of depository

RS 880 - Designation of depository  Except as is otherwise provided in this Sub-part, the governing authority of the parish may provide by resolution or by trust indenture for the payment of the proceeds of the sale of the bonds and the revenues of the bridges to an officer, board, or depository named by it for the custody thereof. The parish shall provide for the method of disbursement thereof, with such safeguards and restrictions as it determines.  Any bank or trust company incorporated under the laws of this state may act as depository of the proceeds of the bonds or revenues of the bridges or of other moneys pertaining thereto. They may furnish such indemnifying bonds or pledge securities as required by the governing authority of the parish.
LA Rev Stat § 48:881 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§881. Bridge, bridge revenues and bonds exempt from taxation

RS 881 - Bridge, bridge revenues and bonds exempt from taxation  The exercise of the powers conferred by this Sub-part constitutes the performance of essential governmental functions, and as bridges which are owned and operated by parishes constitute public property used for public purposes, those bridges and the tolls and revenues thereof are free from taxation within the state and no parish shall be required to pay taxes or assessments upon the bridge or any part thereof, owned by it, whether located within or without the corporate limits of the parish. Bonds issued under the provisions of this Sub-part, their transfer, and the income therefrom, including any profits made on the sale thereof, are free from taxation within the state and otherwise as may be allowed by any law.  Amended by Acts 1954, No. 664, §4.
LA Rev Stat § 48:882 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§882. Additional stipulations as to taxes permitted

RS 882 - Additional stipulations as to taxes permitted  If, since July 26, 1944, and at the time of acquisition by a parish under this Sub-part, any bridge has been and is assessed with any ad valorem taxes by any parish or other political subdivision of this state or by any adjoining state in which one of the termini of the bridge is located, the parish acquiring it may provide in its resolution, mortgage, or trust indenture a contract with the purchasers of the bridge revenue bonds whereby a sum equal to what the taxes to the parish, municipality, or state, as the case may be, could be in any year following the acquisition of the bridge shall be annually paid into the treasury of the parish, municipality, or state. This amount shall be computed by using the assessment value of the bridge in the parish, subdivision, or state as of July 26, 1944, and the rate of taxation currently being levied in the particular year. The fund accumulated by these payments shall be used for the same purposes and in the same proportions as the taxes would have been.
LA Rev Stat § 48:883 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§883. Setting of bridge tolls

RS 883 - Setting of bridge tolls  The governing authority of any parish issuing its bonds under the provisions of this Sub-part shall impose rates for the use of any bridge sufficient to operate and maintain the bridge, pay the principal of and interest on the bonds, and provide an adequate fund for depreciation, improvements, and extensions. Subject to this requirement, the governing authority may fix and revise the tolls from time to time and charge and collect them.  Tolls shall be so fixed and adjusted, in respect of the aggregate of tolls from the bridge or bridges for which a single issue of bonds is issued, as to provide a fund sufficient, with other revenues of the bridge or bridges, if any, to pay:  (1) Any payments to reimburse the parish for losses of taxes, as provided by R.S. 48:882;  (2) The cost of maintaining and operating the bridge or bridges unless that cost is otherwise provided for; and  (3) The bonds and interest thereon as each becomes due.  These tolls are not subject to supervision or regulation by any state commission, board, bureau, or agency.
LA Rev Stat § 48:884 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§884. Sinking fund

RS 884 - Sinking fund  The tolls from a bridge or bridges for which a single issue of bonds is issued, except the part thereof required to pay the cost of maintaining and operating the bridge or bridges and to provide the reserves therefor provided for in the resolution authorizing the issuance of the bonds or in the mortgage or trust indenture, shall be set aside at such regular intervals as are provided in the resolution, mortgage, or trust indenture, in a sinking fund which is hereby pledged to and charged with the payment of:  (1) The interest upon the bonds as that interest falls due;  (2) The principal of the bonds as it falls due;  (3) The necessary fiscal agency charges for paying principal and interest; and  (4) Any premium upon bonds retired by call or purchase.  The use and disposition of the sinking fund is subject to such regulations as are provided in the resolution authorizing the issuance of bonds, or in the mortgage or trust indenture, but, except as is otherwise provided in the resolution, mortgage, or trust indenture, the sinking fund is a fund for the benefit of all bonds without distinction or priority of one over another.  Subject to the provisions of the resolution authorizing the issuance of bonds or of the mortgage or trust indenture, any moneys in the sinking fund in excess of an amount equal to one year's interest on all bonds then outstanding may be applied to the purchase or redemption of bonds. All bonds so purchased or redeemed shall immediately be cancelled and shall not be issued again.
LA Rev Stat § 48:885 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§885. Contracts for use of bridges for pipe lines and electric lines

RS 885 - Contracts for use of bridges for pipe lines and electric lines  The governing authority of the parish may contract with any person desiring the use of any bridge or any part thereof for placing thereon water, gas, or oil pipelines; telephone, telegraph, electric light, or power lines; railroad or street railway tracks; or for any other purpose. It may fix the terms, conditions, rates, and charges for that use.
LA Rev Stat § 48:886 (2021)
2021 Louisiana Laws|Revised Statutes|Title 48 - Roads, Bridges and Ferries|§886. Cessation of tolls

RS 886 - Cessation of tolls  The governing authority of any parish issuing its bonds pursuant to the provisions of this Sub-part shall do all acts necessary in the construction or acquisition, maintenance and operation of any bridge to the end that the bridge may be operated free of tolls as early as possible and practicable, subject only to the express limitations of this Sub-part and the limitations of the other laws and constitutional provisions applicable thereto.  When the particular bonds issued for any bridge or bridges and the interest thereon has been paid or a sufficient amount has been provided for their payment and continues to be held for that purpose, the parish issuing the bonds shall cease to charge tolls for the use of the bridge or bridges and the bridge or bridges shall be free, unless tolls are required for maintaining, repairing, and operating the bridge or bridges due to the lack of funds from other sources than tolls. However, the provisions of this Section do not apply to common carriers, transportation companies, bus lines, and anyone transporting passengers or freight for hire, but apply only to the use of the highway portion of the bridge by the traveling public. As respects other than the latter use, the parish may continue to fix and collect such tolls and charges as it considers in the public interest.