Page:United States Statutes at Large Volume 44 Part 2.djvu/1385

 SIXTY·NINTH CONGRESS. Sass. II. Gus. 282, 283. 1927. 1345 god will goi value, or rospective revenues of profits, but shall to rtbe sum of bl) the actual cost of constructing such hmmm. bridge and its approaches, less a reasonable deduction for actual depreciation in value, (2) the actual cost of acquiring such interests in real property, (3) actual financing and promotion cost, not to exceed 10 per centum of the sum of the cost of constructing the bridge and its approaches and acquiring such interests in real property, and (4g actual expenditures for necessary improvements. nc. 5. If such bridge shall be taken over or acquired by the States mn under smc. or litical subdivisions thereof, as provided in section 4 of this Act, °"§0@},‘}?g0 ,0 00 andxif tolls are charged for the use thereof, the rates of toll shall j{gf‘°¤· *¤“”¤ '“¤d· be so adjusted as to provide a fund sufficient to pay for the cost of maintaining, repairing, and operating the bridge and its approaches, to y an adequate return on the cost thereof, and to provide a sinlgiang fund suilicient to amortize the amount paid therefor as soon as possible under reasonable charges, but within a period of not to exceed twenty years from the date of acquiring the same. After a br}‘é‘;;¤g*;g¤g§g8g¤ sinking fund suilicient to pay the cost of acqwuiring the bridge and its mms imaleze. approachw shall have been provided, such. ridge shall thereafter be maintained and operated free of tolls, or the rates of toll shall there- after be so adjusted as to provide a fund of not to exceed the amount necesary for the proper care, repair, maintenance, and operation of the bridge and its approaches. An accurate record of the amount mgamrg cf {expendi- aid for acquiring the ridge and its approaches, the expenditures °° mp"' ger operating, repairing; an maintaining the same, and o the daily tolls collected shall be ept and shall be·available for the informa- tion of all rsons interested. Src. 6. The Nebraska-Iowa Bridge Company, its successors and m*;;g{1=;ti%=:g;g=;$¤;tgf assigns, shall within ninety days after the comp etion of such bridge to bo med after iconii file with the Secretary of War a sworn itemized statement showing °1°“°°‘ the actual original cost of constructing such bridge ·and its approaches, the actual cost of acquiring any interest in real prop- erty necessary therefor, and the actual iinancmg and promotion costs. The Secretary of War may, at any time within three years after the ng;y¤¤g}¤‘g};<;¤ by Sw completion of such bridge, investigate the actual cost of construct- ` ing the same and for such (purpose the said Nebraska-Iowa Bridge Company, its successors an assigns, shall make available all of its records in connection with the iinancing and the construction thereof. The findin of the Secretary of War as to the actual original cost °°§g*l§j,@g§°'S°¤°¤¤ of the bricfge shall be conclusive, subject only to review in a court of equit for fraud or gross mistake. Sm. The right to sell, assign, transfer, and mortgage all the Risht ¢¤ ¤¤11» we rights, powers, and privileges conferred by this Act, 1S hereby ' granted to the Nebraska-Iowa Bridge Company, its successors and assigns, and any corporation to which or any person to whom such rights, powers, and privileges may be sold, assigned, or transferred, or who shall acquire the same by mortgage foreclosure or otherwise, is hereb authorized and empowered to exercise the same as fully as thougb conferred herein directly upon such corporation or erson. Sno. 8. The ri ht to alter, amend, or repeal this Act is liereby ·‘·”’°°‘“"°"°· expressly reserveg. i Approved, March 2, 1927. CHAP. 283.—J0int Resolution Correcting description of lands granted to the State of New Mexico for the use and benent of New Mexico Collegeof Agricul- P'·“’· R°*·N°· 5*] ture and Mechanic Arts, by enrolled bill S. 4910, Sixty-ninth Congress. Resobved by the Semte and House of Representatives of the United States of America in Oongress assembled, That the descrip- 0;T,§01§;{§,{*}‘§f’0°€§u°“° tion of lands granted to the State of New Mexico for the use and e892°-27-85