Page:United States Statutes at Large Volume 44 Part 2.djvu/629

 SIXTY-NINTH CONGRESS. Sms. I. Cn. 351. 1928.. 589 as are possessed by bri corporations for bridge purposes in the State or States in whiidgsuch realestate and other property iare located upon making just compensation therefor, to be ascertained and paid according to the laws of such State or States; and the ¤,..aC°°m°°m”, °°° "°' proceedings therefor shall be the same as in the condemnation and ex ropriation of prgpertyl in such State or States. gmc. 3. The sai osep R. Cheesman, and Clifford A. Anderson, '”°“° “““‘°"""’· their heirs, legal representatives, and assigns, is 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 authority contained in such Act of March 23, 1906. V°‘·3*· 1*-85- Sno. 4. After the date of completion of such brid§z, as determined .yit°§°{iag°”:i{Z, Pix} by the Secretary of War either the State of New ersey, the State g‘j,‘},‘f*’°· °“°’ °°”‘¤"°‘ o Pennsylvania, any political subdivision of either of such States within or adjoining which any part ofsnch bridge is located, or any two or more of them jointly, may at any time acqiuire and take over all right, title, and interest in such bridge an approachesyand interests in real property necessar there or, by purchase, or by condemnatipln in accordancp with the law offeit erbpf such Statges governing t e a uisition 0 rivate ro rt or u ic urposes_ condemnation. Clif at any tixiie afterpthxxgiratidh of tgventy yearss ,,,,g§,§@§‘,§‘"{’,° QI after the completion of such bridge it is acquired b condemnation, gffd by °°¤d°¤¤*-·· the amount of damages or compensation to be allowed shall not ` include good will, going value, or rospective revenues or zproits, but shall be limited to the sum of  the actual cost of constructing m°°°°u°°‘ such bridge and approaches, less a reasonable deduction for actua depreciation in respect of such bridge and approaches, (2) the actual cost of acquiring such interests in real property, (3) actual financing and promotion costs (not to exceed 10 (per centum of the sum of the cost of construction of such bridge an · ap roaches and the acquisi- tion of such interests in real property), and, (4) actual expenditures for necessarfv imcprovements. l · 0 mu b Sno. 5. I su bridge shall be taken over and acquired by the etc.F:sat(hlilbx{dge‘?¤‘ States or political subdivisions thereof under the. provisions of section 4 o this Act, the same may thereafter be operated as aa toll bridge; in fixing the rates of toll to be charged for the use of such MQW the same shall be so adjusted as to provide as far aspomible a cient fimd to pay for the cost of maintaining, repairing, and operating the bridge and its approaches, to ay an adequate return on the cost thereof, and to provide a  fund suilicient to amortize the amount paid therefor within a period of not to exceed thirty years from the date of acquiring the same. After a sinking :€§‘f“,°;2,,°{m[Y,$Y fund suilicient to pay the cost of acquiring such bridge and its °‘°°*“· ‘ , approaches shall have been prrovided, the bridge shall thereafter be maintained and operated ee of tolls or the rates of toll shall be so adjqstedzh as to provide a fimd not to exceed -—t1he amount necessary or e proper care, repair, maintenance, an operation 0 I _ of the bridge and its ap roaches. - Anaccurate record of the amount m§i°:¤i°imi¤x$§?°“ id for acquiring the bridge and its approaches, the expenditures ` gr operating, repairingfl and maintaining the same, and of the daily tolls collected sh be kept, and shall be available for the information of all persons interested. Sac. 6. The said Joseph R. Cheesman, and Clifford A. Anderson, ,,,,§,'§f’§P,,$f“§‘g,*“§§‘°§,;§l their heirs, legal re resentatives, and  shall, within ninety gfjsd ·{°°* °°¤*P*¤· days after the compilation of such bridge, e with the Secretary of ` War a sworn itemized statement showingl the actual original cost of constructing such bridge and approac es, including t e actual cost of acquiring interests in real property and actual financing and promotion costs. Within three years after the completion o &,{,{.‘,§§{,$"{J§,‘} by such bridge the Secretary of War may investigate the actual cost