Page:United States Statutes at Large Volume 45 Part 1.djvu/1499

 1448 SEVENTIETH CONGRESS. SEss. II. Cii. 477 . 1929 . Acqu isiti on anther- SEC. 2. After the completion of such bridge, as determined by the ized, after completion, by Washington, etc ° Secretary of War, either the State of Washington, any political subdi- 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 approaches, and any interest in real property necessary therefor, Condemnation pro - by purchase or by condemnation or expropriation, in accordance ceedings. with the laws of such State governing the acquisition of private Compensation if ac- property for public purposes by condemnation or expropriation. If quired by condemna- tion. at any time after the expiration of ten years after the completion of such bridge the same is acquired by condemnation or expropriation, the amount of damages or compensation to be allowed shall not include good will, going value, or prospective revenues or profits Limitations, but shall be limited to the sum of (1) the actual cost of constructing such 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 pr o pe rt y ; and (4) ac tual expendit ures for nece ssary improvem ents. Tolls und er s tate, SEC. 3. If such bridge shall at any time be taken over or acquired etc ., opera tion , by the State of Washington, or :-by any municipality or other political subdivision or public agency thereof, under the provisions of sec- Rates applied to op- tion 2 of this Act, and if tolls are thereafter charged for the use eration, sinking fund, thereof, the rates of toll shall be so adjusted as to provide a fund etc° sufficient to pay for the reasonable cost of maintaining, repairing, and operatin g the bridge and its appro aches under ec onomical man- agement and to provide a sinking fund sufficient to amortize the amount paid th erefor, inclu ding reasonabl e interest an d financing Maintenance as free cost, as soon as possible under reasonable charges, but within a period bridge, etc., after amor- of not to exceed twenty years from the date of acquiring same. After tizing costs, a sinking fund sufficient for such amortization shall have been so pro vided, such b ridge shall t hereafter be m aintained 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 R ecord of expe ndi- maintenance, repair, and operation of the bridge and its approaches tures and receipts. under economical management. An accurate record of the amount paid for acquiring the bridge and its approaches, the actual expedi- tures for maintaining, repairing, and operating the same, and of the daily tolls collected shall be kept and shall be available for the infor- mation of all persons interested. Sworn statement of SEC. 4. The Bainbridge Island Chamber of Commerce, a corpora- construction costs, etc ., to be flied after con- Lion, its successors and assigns, shall within ninety days after the pletion. com pletion of su ch bridge fil e with the Sec retary of War and with the highway department of the State of Washington, a sworn item- jzed 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 pro- Examination by sec- motion costs. The Secretary of War may, and at the request of the rotary of War. highway department of the State of Washington 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 find- ing of the actual and reasonable costs of constructing, financing, and promoting such bridge. For the purpose of such investigation the said Bainbridge Island Chamber of Commerce, a corporation, its Finding s of secretary successors and assigns, shall make available all of its records in con- conclusive. nection with the construction, financing, and promotion thereof. The findings of the Secretary of War as to the reasonable costs of the con-

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