Page:United States Statutes at Large Volume 45 Part 1.djvu/171

 120 SEVENTIETH CONGRESS. SEss. I. CHs. 86, 87. 1928. under economical management, and to provide a sinking fund suffi- cient to amortize the amount paid therefor including reasonable interest and financing cost, as soon as possible under reasonable Maintenance as free charges, but within a period of not to exceed twenty years from the bridge, etc ., after date of acquiring the same. After a sinking fund sufficient for amortizing costs. such amortization shall have been so provided, such bridge shall 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 Record of expendi- operation of the bridge and its approaches under economical manage- tures and receipts. ment. An 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 available for the information of all persons Sworn statement of int erested. t onbefiled costs, et to aft er co- SEc . 6 . The Ashland Bridge Company, its successors and assigns, pi eti on, shall within ninety days after the completion of such bridge file with the Secretary of War, and with the highway departments of the States of Kentucky and Ohio, a sworn itemized statement show- ing the actual original cost of constructing the bridge and its ap- pro aches, the a ctual cost o f acqu iring any int erest in rea l prop erty Investigation b y Sec- necessary therefor, and the actual financing and promotion costs. retary of war. The Secretary of War may, and upon request of the highway depart- ment of either of such States shall, at any time within three years after the completion of such bridge investigate such costs and deter- mine 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 reasonble costs of constructing, financing, and promoting such bridge ; for the purpose of such investigation the said Ashland Br idge C ompany, its succes sors a nd ass igns, s hall m ake av ailabl e all Fi nding s of Secr etar y of its records in connection with the construction, financing, and conclus ive, promotion thereof. The findings of the Secretary of War as to the reasonable costs of the construction, financing, and promotion of the bridg e shal l be c onclus ive fo r the purpose s ment ioned in sec tion 4 of this Act, subject only to review in a court of equity for fraud Ri ght to sell, etc« or gross mistake. conferred. SEC. 7 . The right to se ll, as sign, transf er, and mortg age al l the rights, powers, and privileges conferred by this Act is hereby granted to the Ashland Bridge Company, its successors and assigns, and any corporation to which or any person to whom such rights, powers, and privileges may be sold, assigned, or transferred, or who shall ac quire the same by m ortga ge f orecl osure or other wise, is h ereb y authorized and empowered to exercise the same as fully as though co nferre d here in dir ectly upon s uch co rporati on or person. SEc. 8 . The right to alter, amend, or repeal this Act is hereby exp ressly reser ved. Approved, February 16, 1928. Amend ment. February 16, 1928. [H.J. Res.104.] [Pub. Res., No .9.1 Lake Champlain. Cons ent given New York and Vermont for cre atio n of Lake Champlain Bridge Commission to con- struct bridges across. CHAP. 87.-Joint Resolution Granting consent of Congress to an agreement or compact entered into between the State of New York and the State of Ver- mont for the creation of the Lake Champlain Bridge Commission and to con- struct, maintain, and operate a highway bridge across Lake Champlain. Resolved by the Senate and House o f Representatives o f the United States of America in Congress assembled, That the conse nt of the Co ngress of the Unit ed States be, and it is he reby, giv en to the States of New York and Vermont to enter into the agreement or compact executed by the commissioners duly appointed on the part of the State of New York and commissioners duly appointed on the part of

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