Page:United States Statutes at Large Volume 44 Part 2.djvu/429

 SlXTY·NINTH CONGRESS. Sass. I. Cn, 220. 1926. 388 needed for the location, construction, operation, and maintenance ~ · of such bridge and its apgwoachee and tex·mina1s·lns‘are,· possessed by ' bridgp corporations for rid e purposes in the State or; States in whic such real estate and btier property- are located lupou making just compensation therefor, to be ascertained and paid accordi to the laws of such State or States; and the proceedings tlxersfortigvall be the same as in the condemnation and expropriation of property c,§§§,‘?“‘”“““°“ *”‘* in such State or States. » n i c c *  · ` Sm. 3. The said Vicksburg Bridge and Terminal Company, its °°°““““°*"“"· successors and assigns, are hereby authorized to fix and charge tolls for transit over such bridge, and the rates so fixed shall ‘be the legal rates until changed by the Secretary of·War under the authomty contained in such Act of March 2, 1906. ’ V y V°l‘ 3** "‘“‘ Sm; 4. After the dates of completion of such bridge, as deter- im{—,**1B*gi;_¥*ggmx§;;§l?g;; mined by the Secretary of War either the State of Mississi /pi,;the py 1~kmsmsippi,¤v1»¤- State of Louisiana, an political subdivision of either of Sl1C€Sl'Bl'bS "‘i°”“’°*°‘ within or adjoining which any part of such bridge is located, or any two or more of them jointly, may at any time acquire and take over all right, title, and interest in such bridge and ap roaches, and inter- ests in real property necessary therefor, by purcgase, or by condem- nation in accordance with tho law of either of such States governing the ac uisition of private proyperty for public purposes by condemna- tion. (hf at any time after t e expiration of twenty gears after the completion of such bridge it is acquired by con ation, the C g. ., amount of damages or compensation to be allowed shslluiiot include q¤1»%i<i1pn'ix§8°¤ii¤ ood will going value, or prospective revenues or 'prolita, but shall “°“· Ee limited to tie sum of (1) the actual cost of constructing such L““"°“°"· bridge and approaches, less a reasonable deduction for actual depre— ciation in respect of such bridge and approaches, (2) the actual cost of acquiring such interests in real property, (3) actual iinancing and promotion costs (not to exceed 10 (percentum of the sum of the cost of- construction of such bridge an approaches enc! the acquisi· tion of such interests in real property), an (4) actual expenditures for necessa improvements. _ V " ; i Sno. 5. I? suc bridge shall be taken over and acquired by the opusuou, sec., bi States or political subdivisions thereof under the provisions of 2%; °‘°" “ “’ section 4 o this Act, the same may thereafter be operated as a· toll bridge; in fixing the rates of toll to be charged for the use of such brid e, the same shall be so adjusted as to provide as far wsrpossible a sugicient fund to pay for the cost of r=>ainm,ining; 1ep;·.i1·ing,`and operating the bridge and its approaches, to pay an adequate return on the cost thereof, and to {provide a sinking fund su€icient to amor- tize the amount paid there or within a period of not to exceed thirty P _ i 1 { years from the date of acquiring the same. After a sinldng fund bndgglgezi M M sufficient to pay the cost of acqiiiring such bridge, and its approaches ‘ shall have been provided the ridge shall thereafterbé maintained and operated free of tolls or the rates of toll shall bei so adjusted as to provide a fund not to exceed the amount necessary for the proper care, repair, maintenance, and operation of the*~bridge and 1l,S approaches. An accurate record of t e amount paid for "acquir- R¤l_:;;im<: •&¤‘g•g ing the ·brid¤·e and its approaches, the expenditures for‘operatin€$ $¤. i " repairing; and maintaining the same, and of thetlaily tolls collect shall be cpt, and shall be available for the infomation of all per- sons interested. l ’ t · 't i `, l Sno. 6. The said Vicksburg_Bri'dge 'and Terminal Company, its ,,,,$,§°'f,*t§f“,°§",§,°“(,‘Z,,{,’l successors and assigns, shall, w1th1n ninety days, after the corgp etion PWM ofsuch bridge, lile with the Secretary of War a sworn itemiz statek ment showing the actual original cost of constructing suchybridge and its approaches, including the actual cost of acquiring interests in real property and actual l nancing and promotion costs. Witliin