Page:United States Statutes at Large Volume 45 Part 1.djvu/1364

 SEVENTIETH CONGRESS. SEss. II. Cxs. 329, 330 . 1929 . 1313 same as fully as though conferred herein directly upon such cor- poration or person. SEC. 8. The right to alter, amend, or repeal this Act is hereby .Amendment. expres sly re served. Approved, February 26, 1929. CHAP. 330 .- An Ac t Aut horiz ing V. Calvin Tric e, his heirs legal re resenta- Februar y 26, isz s. P [S .5465.] tives, and assi gns, to co nstru ct, m aitai n, an d ope rate a bri dge a cross the Chop- [Public, No. sit .] tank River at a point at or near Cambridge, Maryland. Be it enacted by the Senate and House o f Representatives o f the United States o America in Congress assembled That in order to Choptank River . f V. Calvin Trice may promote interstate commerce, improve the postal service, and pro- bridge, at Cambridge, vide for military and other purposes, V. Calvin Trice, his heirs, legal repres entati ves, a nd ass igns, be, and is he reby, author ized t o cons truc t, ma intai n, a nd op erate a br idge and appro ache s the reto across the Choptank River at or near Cambridge, Maryland, at a point suitable to the interests of navigation, in accordance with the Col 3 rucion. provisions of the Act entitled "An Act to regulate the construction of bridges over navigable waters," approved March 23, 1906, and subject to the conditions and limitations contained in this Act. Acquisition author- SEC. 2 . After the completion of such bridge, as determined by the ized, after completion, Secre tary o f War, eithe r the State of Mary land, any po litica l subd i- by Maryland, etc' vision thereof 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 its ap- proaches and any interests in real property necessary therefor, by purchase or condemnation in accordance with the laws of such State governing the acquisition of private property for public purposes by condemnation. If at any time after the expiration of twenty Compens ation, if ac - years after the completion of such bridge and its approaches the goned by condemna- same is acquired by condemnation, the amount of damages or com- pens ation to be allowe d shal l not include good will, going value, or prospective revenues or profits, but shall be limited to the sum of Lim itat ions. (1 ) the actual cost of con struct ing su ch brid ge and its a pproac hes, 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 (4) actual expendi- tures for necessary improvements. SEC. 3 . If such bridge shall at any time be taken over or acquired etc ., olperanodn er state, by any municipality or other political subdivision or subdivisions of the State of Ma ryland under the p rovisi ons of sectio n 2 of this Act, and if tolls are charged for the use thereof, the rates of toll shall be Rate sappliedt etc, ~ ation, sinking fund, so adjusted as to provide a fund sufficient to pay for the cost of mai ntaini ng, re pairin g, and opera ting t he brid ge and its a pproac hes, and to pr ovide a sink ing fu nd suf ficien t to am ortize the a mount paid for such bridge and its approaches as soon as possible under reasonable cha rges, but wi thin a p erio d of n ot to exceed twent yy ears from the Maintenance as free bridge, etc ., after amor- date of acquiring the same. After a sinking fund sufficient to amor- tizing costs, etc ° tize the cost of acquiring the bridge and its approaches shall have been provided, such bridge shall thereafter be maintained and oper- ated free of tolls, or the rates of toll shall thereafter be so adjusted as to provide a fund of not to exceed the amount necessary for the proper care, repair, maintenance, and operation of the bridge and its R ecord of expe ndi- approaches. An accurate record of the amount paid for the bridge tures and receipts. and its approaches, the expenditures for operating, repairing, and

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