Page:United States Statutes at Large Volume 43 Part 1.djvu/1126

 SIXTY·EIGHTH CONGRESS, Sess. II. Cris. 391, 392. 1925. 1095 Port Richmond on the New York side, in accordance with the provi- °°¤¤**¤¢**°¤- sions of an Act entitled "An Act to regulate the construction of V°'·3*·¤~“- bridges over navigable waters," approved March 23, 1906. Sec. 2. Construction of the said bridge shall be commenced within “”*°°‘°°”$"“°‘*°°· three years, and shall be completed within six years from the date of the passage of this Act, and in default thereof the authority hereby granted shall cease and be null and void. Sec. 3. The right to alter, amend, or repeal this Act is hereby *'”°°°“*°'“~ expressly reserve . Approved, March 2, 1925. Mmm 2, was. CHAP. 392.-An Act Authorizing the construction, maintenance, and opera- [S-4325-l tion of a bridge across the Saint Louis River between the cities of Superior, [P¤b1i¢» N°· 5%-} Wisconsin, and Duluth, Minnesota. Be it enacted by the Senate and House of Representatives of the United States of America in Uongress assembled, That the consent ,§gri$¤¤Lg¤ri;sR§;·¤r- of Congress is hereby granted to the Twin Ports Bridge Company, Compiiny (may i»·iii$ a Wisconsin corporation, its successors and assigns, to construct, §§§‘f',{‘;§;,:Y“·* ‘° D"` maintain, and operate a bridge and approaches thereto, across the Saint Louis River at a point suitable to the interests of navi ation, from Belknap Street, or within one-half mile north or south thereof, in the city of Superior, Wisconsin, to Le Seur Street, or the vicinity thereof, in the cit of Duluth, Minnesota, in accordance with the $,g}*’,§4'°;°",;} provisions of the get entitled “An Act to 1‘B§l.l&tB the construction ` ’ ` of bridges over navigable waters," approved arch 23, 1906. D I d S _ Sm. 2. The cities of Duluth, Minnesota, and Superior, Wisconsin, mayuu;i|1:r:)l1asePp?;l1tg; may jointly, or either may, with the consent of the other, at any °°“""°”‘°"· · time after ten years after the completion of said bridge, purchase the same. The purchase price shall be the reasonable value of said bridge, including approaches, right of way, and accessory works. In such value the bridge shall be considered as having the license to continue, but such license or franchise right shall not be considered to have a value of exceeding $1,000, and nothing shall be allowed for going concern value. The item of cost of nancing the construction shall be considered, but it is not intended that any specific sum of money therein expended must be added to the purchase price Do I mn ol otherwise determined. Such value shall be determined by such value, em. board of arbitration as may be selected by the corporation and said cities and in the event of disagreement then upon request of either the bridge company or the cities b the Secretary of lVar. When such determination is made it shalirbe filed with the city clerks of the respective cities of Duluth, Minnesota, and Superior, Wisconsin. The said bridge company shall file with the Secretary of War and the city clerks of the cities of Duluth and Superior within six months after the completion of said bridge and works an accurate report verified by its treasurer, of the expenditures made by the company in such construction and purchase of right of way and accessories and cost of financing construction, and likewise shall tile with the Secretary of War and the cit clerks of such cities within said time after the expenditure thereog verified report of any additional improvements afterwards made thereon. The books of said company shall be open to audit by either city at any time upon demand of pro er officials. P t to mm ln the event of any incumbrances upon said bridge property, the m_°m°° amount thereof, with accrued interest, but not to exceed the purchase price, shall be first paid direct to the owners or holders thereof and _ applied upon the purchase price: Provided, That if the amount of P'°"”·