Page:United States Statutes at Large Volume 45 Part 1.djvu/1483

 1432 SEVENTIETH CONGRESS. SEss. "II. CA. 432. 1929 . Tolls authorized . SEC . 3. The said Hawesville and Cannelton Bridge Company, its successors and assigns, are hereby authorized to fix and charge tolls for transit over such bridge, and the rates of toll so fixed shall be the Vol.34, p.85. legal rates until changed by the Secretary of War under the authority contained in the Act of March 23, 1906 . Acquisition author- SEC . 4 . After the completion of such bridge, as determined by the ized, after completion, by Indiana, Kentucky, Secretary of War, either the State of Indiana, the State of Kentucky, etc ' any public agency or political subdivision of either of such States 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 approaches, and any interest in real property necessary therefor, by purchase or by condemnation or expropriation, in accordance with the laws of either of such States governing the acquisition of private property for quedpbycondemna- public purpose s by condemna tion or exprop riation. I f at an y t im e tion. after the expiration of ten years after the completion of such bridge the same is ac quired by con demnation or e xpropriation, the amount of damages or compensation to be allowed shall not include good will, going value, or rospective revenues or profits, but shall be L imita tion s. limited to the sum of (1) the actual cost of constructing such bridge and its appr oach es, less a r easo nabl e de duct ion for actu al d epre cia- tion in value ; (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 constructing the bridge and its approaches and acquiring such interests in real property ; and (4) actual expenditures for necessary improvements. Tolls under state, SEC. 5 . If such bridge shall be taken over or acquired by the States c or public agencies or political subdivisions thereof, or by either of them as provided in section 4 of this Act, and if tolls are thereafter Rates applied to op- charged for the use thereof, the rates of toll shall be so adjusted as e ration, sinking fund, to provide a fund sufficient to pay for the reasonable cost of main- taining, repairing, and operating the bridge and its approaches under economical management and to provide a sinking fund suffi- cient to amortize the amount paid therefor, including reasonable int erest and fin ancing cost, as soon as pos sible under r easonable charges, but within a period of not to exceed twenty years from the Maintenance as free date of acquiring the same. After a sinking fund sufficient for bridge, etc ., after amor- tizin g costs. such amortization shall have been so provided, such bridge s hall thereafter be maintained and operated 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 maintenance, repair, and operation of the bridge and its approaches under economical manage- Record of expendi- znent. An accurate record of the amount paid for acquiring the tares and receipts, bridge and its approaches, the actual expenditures for maintaining, repairing, and operating the same, and of the daily tolls collected, shall be kept and shall be available for the information of all persons in terest ed. Sworn statement of S E C. 6 . Hawesvi lle and Cannel ton Bridge Co mpany, its su ccessors construction costs, etc ., and assigns, shall, within ninety days s after the completion of such to be filed after com- pletion. bridge, file with the Secretary of War and with the highway depart- ments of the States of Indiana and Kentucky, a sworn itemized statement showing the actual original cost of constructing the bridge and its approaches, the actual cost of acquiring any interest in real property necessary therefor, and the actual financing and promotion Examination by Sec- Costs . The Secretary of War may, and upon request of the highway retary of war. department of either of such States shall, at any time within three years after the completion of such bridge, investigate such costs and determine the accuracy and the reasonableness of the costs alleged in the statement of costs so filed, and shall make a finding of the actual and reasonable costs of constructing, financing, and promoting such

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