Louisiana Revised Statutes 33:4534 – The assignment, transfer, and delivery by the city of New Orleans by and through the public belt railroad commission, with the concurrence of the council of the city of New Orleans,
Terms Used In Louisiana Revised Statutes 33:4534
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The assignment, transfer, and delivery by the city of New Orleans by and through the public belt railroad commission, with the concurrence of the council of the city of New Orleans, of all of the rights of way, rails, tracks, locomotives, switch yards, and the Huey P. Long Bridge, its approaches and appurtenances and the lands and other things in connection therewith, and all other lands, leases, equipment, books, records, accounts receivable, monies, intellectual property, contracts, properties and assets of the public belt railroad system or the Public Belt Railroad Commission for the city of New Orleans effective February 1, 2018, to the New Orleans Public Belt Railroad Corporation, a public nonprofit corporation formed and owned by the Board of Commissioners of the Port of New Orleans, is ratified.
Acts 2020, No. 359, §4, eff. June 12, 2020.
NOTE: See Acts 2020, No. 359, §§9 and 10, regarding effectiveness and applicability of cooperative endeavor agreement dated February 1, 2018.