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La. Rev. Stat. § 48:865 Negotiability of bonds
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§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 Temporary bonds
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§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 Registration of bonds; coupon bonds
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§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 …
La. Rev. Stat. § 48:868 Sale of bonds; proceeds; deficiencies and surpluses
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§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 …
La. Rev. Stat. § 48:869 Privilege upon bond proceeds
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§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 s…
La. Rev. Stat. § 48:870 Replacement of mutilated, destroyed, or lost bonds
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§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 Proceedings and conditions to issuance of bonds
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§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.…
La. Rev. Stat. § 48:872 Mortgage foreclosure; right of purchaser to franchise
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§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 pro…
La. Rev. Stat. § 48:873 Bridge revenue refunding bonds
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§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 …
La. Rev. Stat. § 48:874 Limitation of bonded debt
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§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 Trust indenture authorized as security; corporate trustee
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§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 corpo…
La. Rev. Stat. § 48:876 Expenses of indenture part of cost
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§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 Rights and remedies of bondholders and trustees; limitation of action by bondholder
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§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 indenture…
La. Rev. Stat. § 48:878 Provisions to protect bondholders
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§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 reasonab…
La. Rev. Stat. § 48:879 Action to enforce rights of bondholders and trustee
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§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…
La. Rev. Stat. § 48:880 Designation of depository
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§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, o…
La. Rev. Stat. § 48:881 Bridge, bridge revenues and bonds exempt from taxation
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§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 p…
La. Rev. Stat. § 48:882 Additional stipulations as to taxes permitted
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§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 adjoinin…
La. Rev. Stat. § 48:883 Setting of bridge tolls
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§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 a…
La. Rev. Stat. § 48:884 Sinking fund
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§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 t…
La. Rev. Stat. § 48:885 Contracts for use of bridges for pipe lines and electric lines
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§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 po…
La. Rev. Stat. § 48:886 Cessation of tolls
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§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 …
La. Rev. Stat. § 48:887 Contributions
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§887. Contributions Any parish, in addition to the revenues which may be received from the sale of bridge revenue bonds and from the collection of tolls and other bridge revenues derived under the provisions of this Sub-part, may accept from any federal agency, any state or state…
La. Rev. Stat. § 48:888 Competing bridges and ferries
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§888. Competing bridges and ferries No bridge for the use of the traveling public shall be constructed and operated by the parish or by a municipal corporation or other political subdivision of the state, or by any person, and no franchise shall be granted for the operation of a …
La. Rev. Stat. § 48:889 General powers of parishes
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§889. General powers of parishes The governing authority of any parish issuing its bonds under the provisions of this Sub-part may exercise all powers and enter into all contracts or agreements necessary or incidental to the execution of its powers under this Sub-part. The parish…
La. Rev. Stat. § 48:890 Power to employ help
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§890. Power to employ help The parish may employ engineering, architectural, and construction experts and inspectors; attorneys; and such other employees as are considered necessary and may fix their compensation.
La. Rev. Stat. § 48:891 Powers in Sub-part not limitations
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§891. Powers in Sub-part not limitations The provisions of this Sub-part enumerating powers and duties of parishes and their governing authorities are not limitations on the general powers or duties of parishes or the governing authorities thereof.
La. Rev. Stat. § 48:892 Expenses of enforcing Sub-part; how paid
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§892. Expenses of enforcing Sub-part; how paid All expenses incurred in carrying out the provisions of this Sub-part shall be paid solely from funds provided under the authority of this Sub-part, and no liability or obligation shall be incurred hereunder beyond the extent to whic…
La. Rev. Stat. § 48:893 Cooperation with political subdivisions in this and adjoining states; assumption of jurisdiction by Department of Highways
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§893. Cooperation with political subdivisions in this and adjoining states; assumption of jurisdiction by Department of Highways Any parish operating under this Sub-part may cooperate with any political subdivision or agency of this state, or of an adjoining state in which a part…
La. Rev. Stat. § 48:91 Qualifications; compensation; oath; bond
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§91. Qualifications; compensation; oath; bond A. A chief engineer, a maintenance and operations engineer, and such other engineers as are found necessary by the secretary shall be appointed. The chief engineer shall be a competent engineer of recognized ability and standing, expe…
La. Rev. Stat. § 48:911 Application of Sub-part
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§911. Application of Sub-part Wherever Sub-part B of this Part applies, this Sub-part has no application.
La. Rev. Stat. § 48:912 Certain municipalities and parishes may build bridges; borrowing money
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§912. Certain municipalities and parishes may build bridges; borrowing money Any municipality located on a navigable stream and any parish bounded by or through which a navigable stream runs, or both such municipality and parish in conjunction may, when the necessary authority ha…
La. Rev. Stat. § 48:913 Fixing and pledge of tolls
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§913. Fixing and pledge of tolls To secure the payment of the certificates of indebtedness authorized in R.S. 48:912, the municipality or parish, or the municipality and parish acting conjointly, may fix the rate of tolls to be charged persons passing over the bridge, and pledge …
La. Rev. Stat. § 48:914 Certificates to be valid obligations
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§914. Certificates to be valid obligations In addition to the security given by the pledge of tolls as set forth in R.S. 48:913, the certificates of indebtedness shall be valid and subsisting obligations of the municipality or parish, or both, as the case may be.
La. Rev. Stat. § 48:92 Powers and duties
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§92. Powers and duties The chief engineer or his designated representative shall approve all plans, specifications, and estimates for the construction of all highways under the provisions of this Chapter. He also has such other duties as may be assigned to him by the secretary or…
La. Rev. Stat. § 48:921 Lease of parish bridge prohibited
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§921. Lease of parish bridge prohibited No parish shall lease the franchise of crossing or use of any bridge owned by it and crossing a navigable stream. This Section does not apply to bridges constructed or acquired pursuant to the Bridge Revenue Bond Law.
La. Rev. Stat. § 48:922 Toll-charging by parishes prohibited except in certain cases
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§922. Toll-charging by parishes prohibited except in certain cases Except as authorized in this Part, no parish, or any agent thereof, shall charge or collect from the public any toll for the crossing or use of any bridge owned by the parish and crossing a navigable stream. This …
La. Rev. Stat. § 48:93 Consulting engineers; quarterly reports
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§93. Consulting engineers; quarterly reports A. On the first day of each quarter of the fiscal year, October first, January first, April first, and July first, the department shall provide to the Joint Committee on Transportation, Highways and Public Works a report of all contrac…
La. Rev. Stat. § 48:94 District office transparency; publication of district work
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§94. District office transparency; publication of district work A. Each department district office shall publish weekly on the department's internet website information by parish regarding the construction and maintenance work performed, including but not limited to a description…
La. Rev. Stat. § 48:941 Bridges over navigable waters authorized
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§941. Bridges over navigable waters authorized The department of highways may construct bridges and approaches thereto over navigable waters, for public use, on or connecting highways in this state. Thereafter, the department may operate and maintain these bridges.
La. Rev. Stat. § 48:942 Contracts relating to bridges
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§942. Contracts relating to bridges A. Notwithstanding any other law to the contrary, no state agency, political subdivision of the state nor any board or commission created pursuant to a local services agreement, without prior approval by the legislature, shall enter into any co…
La. Rev. Stat. § 48:945 Tolls
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§945. Tolls As soon as any bridge authorized in this Part is put into operation, the department shall arrange for and supervise the collection of tolls for the use of the bridge. The rate of toll shall be determined by the department. The rates so fixed shall be such as to antici…
La. Rev. Stat. § 48:945.1 Commuter tickets; Louisiana registration as a qualification
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§945.1. Commuter tickets; Louisiana registration as a qualification The state, or any political subdivision thereof, which operates a toll bridge may require that in order to qualify for a commuter discount the motor vehicle shall be registered and licensed in Louisiana. Added by…
La. Rev. Stat. § 48:946 Toll-keepers
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§946. Toll-keepers Toll keepers shall be appointed by the state highway department. They shall execute bond for the faithful performance of their duties and for the due and proper accounting of all monies received by them. These bonds shall be made payable to the state in such am…
La. Rev. Stat. § 48:947 Tolls and revenues to be kept in separate accounts; use of accounts
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§947. Tolls and revenues to be kept in separate accounts; use of accounts All tolls and revenues collected under the provisions of this Part shall be kept by the State Treasurer in separate accounts for each bridge. The tolls and revenues derived from each bridge shall be used ex…
La. Rev. Stat. § 48:948 Cessation of tolls
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§948. Cessation of tolls When the cost of the bridge has been paid, it shall be immediately opened as a free bridge to the travelling public and shall thereafter be maintained as part of the state highway system.
La. Rev. Stat. § 48:949 Acquisition of property
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§949. Acquisition of property The department of highways may acquire by donation, or in its own name, may expropriate any property which is necessary to carry out the purposes of this Part. In expropriation suits, the Attorney General shall act as attorney for the department. Any…
La. Rev. Stat. § 48:950 Letting of bridge contracts
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§950. Letting of bridge contracts All bridges constructed by the Department of Transportation and Development pursuant to this Part shall be by public contract let to the lowest responsible bidder pursuant to the provisions of R.S. 48:252. All contracts entered into by the Depart…
La. Rev. Stat. § 48:951 Combination railroad and vehicle traffic bridge; lease of right to run tracks, wires, etc
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§951. Combination railroad and vehicle traffic bridge; lease of right to run tracks, wires, etc. over the bridge A. The department of highways may, in connection with the erection of any bridge, construct a combination railroad, or street railway and vehicle traffic bridge. B. Th…
La. Rev. Stat. § 48:952 Rules and regulations
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§952. Rules and regulations The highway department may make and enforce all reasonable rules and regulations not inconsistent with this Part which are proper and suitable for the protection of the bridges, and the approaches and appurtenances thereto and for the safety of the tra…
