Page:Final Report - The Columbia River Interstate Bridge.pdf/52

  tracks north of the Columbia River Bridge in Vancouver, which were placed by the Commission. The tracks on the Columbia River Bridge, owned by the Commission, are to be maintained by the Commission except as to extraordinary damages due to accidents, etc., when repairs are to be made by the Company:All overhead trolley construction to be placed and maintained by the Company:The Commission reserves the right to grant a franchise to other companies, such other companies to have the right to use the Portland Railway, Light & Power Company's tracks on the embankments through the purchase of an equal interest in them:The Company is to provide 30-minute service between the hours of 6 a. m. and 11:30 p. m.:The Company is to pay a toll of 25 cents per car and 31/; cents per passenger for passage one way:The most unusual feature of the franchise, as compared with the other franchises granted on the coast, is the provision that all income in excess of operating expenses and 6% interest on the actual investment in physical property under the franchise shall be divided 50% to the Company and 50% to the Commission. Included under the cost of operation shall be a charge for electric current used in the operation of cars, a fair rental of the cars used to pay for their maintenance and deterioration at a rate per car mile, a fair percentage for depreciation of the physical properties within the limits of this grant, and the amounts paid for tolls for cars and passengers on the bridge.

The right of way owned outright aggregates in amount 34.7 acres. In addition to this ownership, the Commission holds easements covering privileges for slopes of embankments, etc., for maintaining roadways over other property, and also United States permits to build and maintain bridges over the Columbia River and over Oregon and Columbia Sloughs. As later set out, the total cost of this right of way was $25,449.63, which includes $13,814.41 paid out directly for lands and damages and $11,635.22 paid out for changing buildings and such work incidental