Page:United States Statutes at Large Volume 45 Part 1.djvu/1540

 SEVENTIETH CONGRESS. SEss. II. Cii. 505. 1929 . 1489 vide for military and other purposes, the Fayette City Bridge co ayettte may Bridge Company, its successors and assigns, be, and is hereby, authorized to at Fayette City, Pa. construct, maintain, and operate a bridge and approaches thereto across the Monongahela River, at a point suitable to the interests of navigation, at or near Fayette City, Pennsylvania, in accordance co nstructi on. with the provisions of the Act entitled "An Act to regulate the con- vol .34,p.84. struction of bridges over navigable waters," approved March 23, 1906, and subject to the conditions and limitations contained in this Act. SEC. 2 . After the completion of such bridge as determined by the Ac quisition author- ed,after completion, Secretary of War, either the Commonwealth of Pennsylvania, any by Pennsylvania, etc ° political subdivision thereof within or adjoinin g 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 neces- sar y therefor ,byp urchase or b condemnation or expropriation > in Condemnatio n pro- y y ceedings. accordance with the laws of the Commonwealth of Pennsylvania governing the acquisition of private property for public purposes by compensation if ao- condemnation or expropriation. If at any time after the expiration oohed b y condemna- of five years after the completion of such bridge the same is acquired tiony by condemnation or expropriation, the amount of damages or com- pensation to be allowed shall not include good will, going value, or Limit ation s, et c. prospec tive re venues or pro fits, b ut shal l be l imited 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) 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 expenditures for necessary improvements. SEC. 3 . That if such bridge shall at any time be taken over or Toes under state, etc., operation. acquired by, th e Comm onweal th of Penns ylvani a or b y any munic i- pality or other political subdivision or public agency thereof, under the provisions of section 2 of this Act, and if tolls are thereafter charged for the use thereof, the rates of toll shall be so adjusted as Rates applied to op- to provide a fund sufficient to pay for the reasonable cost of main- eration, sinking fund, taming, repairing, and operating the bridge and its approaches under economical man agement and t o provide a s inking fund su fficient to amortize the amount paid therefor, including reasonable interest and financing cost, as soon as possible under reasonable charges, but within a period of not to exceed twenty years from the date of acquiring the same. After a sinking fund sufficient for such amorti- Mai nte nanc e as free g bridge, etc ., after amor- zation shall have been so provided, such bridge shall thereafter be tiling costs. maintained and operated free of tolls, or the rates of toll shall there- after 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 management. An Record of eapendi- totes and receipts. accurate record of the amount paid for acquiring the 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 ava ilable for th e infor mation of all person s inte rested. Swo rn sta tem ent of SEC. 4 . That F ayette City Bridg e Comp any, i ts su ccesso rs and construction costs, etc ., assigns, shall, within ninety days after the completion of such bridge, to e filed after comple file with the Secretary of War, and with the Highway Department of the Commonwealth of Pennsylvania, 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 necess ary the refor, financing and the actual financing and promotion costs. The retary war . oyoofwar f by See- Secretary of War may, and at the request of the Highway Depart- ment of the Commonwealth of Pennsylvania shall, at any time within

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