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Terms Used In Louisiana Revised Statutes 33:4536

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC

            A. The employees of the public belt railroad system, which were transferred from the Public Belt Railroad Commission of the city of New Orleans to the New Orleans Public Belt Railroad Corporation and pursuant to this Part are further transferred to the railroad commission, may continue with the railroad commission their existing employment arrangements upon such transfer, including but not limited to existing labor contracts. These employees are to be included in the unclassified service of state civil service pursuant to La. Const. Art. X, § 2 . The railroad commission shall recognize and maintain the rights of these employees under existing labor contracts and applicable law. This Subsection shall not be interpreted to prohibit future changes as may be permitted by law, contract, or negotiated agreement with employees.

            B. Members of the board of the railroad commission and officials, officers, and employees holding office or employment with the railroad commission, while acting within the scope of their duties or employment, shall have the indemnification rights and shall be deemed covered individuals, as provided in La. Rev. Stat. 13:5108.1, with respect to such actions.

            C. The chief executive officer of the railroad commission shall have the power to organize or reorganize the legal, executive, and other departments and forces of the railroad commission and to fix the duties, powers, and compensation of all officers, agents, and employees in such departments and forces, subject to modification of any determination by the board of the railroad commission.

            Acts 2020, No. 359, §5, see Act.

            NOTE: See Acts 2020, No. 359, §§9 and 10, regarding effectiveness and applicability of cooperative endeavor agreement dated February 1, 2018.