Page:United States Statutes at Large Volume 45 Part 1.djvu/185

 134 SEVENTIETH CONGRESS. SEss. 1. Ca. 917 1928. 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 public purposes by condemnation or expropria- Compensation if ac- tion. If at any time after the expiration of twenty years after the quired by condemna - tion. compl etion of such bridge the sa me is acquire d by condemna tion or expropriation, the amount of damages or compensation to be allowed shall n ot include go od will, going value, or pr ospective reve nues Limitations. or profits, but shall be limited to the sum of (1) the actual cost of constructing such bridge and its approaches, less a reasonable deduc- tion for ac tual d eprecia tion in value ; (2) t he actu al cost of ac quiring such interests in real property ; (3) actual financing and promotion costs, not to exceed 10 per centum of the sum of the cost of con- structing the bridge and its approaches and acquiring such interest in real property ; and (4) actual expenditures for necessary improvements. Tolls under state, etc ., operation. SEC. 5. If such bridge shall be taken over or acquired by the States 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 erRates applied Tuna, charged for the use thereof, the rates of toll shall be so adjusted as etc. to provide a fund sufficient to pay for the reasonable cost of main- taining, repairing, and operating the bridge and its approaches under economical managements, 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 charges, but within a period of not to exceed twenty years from bridge, etc ., aft er amor- Maintenance as free the date of acquiring the same. After a sinking fund sufficient tizin g costs. for 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 operation of the bridge and its approaches under economical Record of tures and rece ipts. management. An accurate record of the amount paid for acquiring the bridge and its approaches, the actual expenditures for main- taining, repairing, and operating th e same and of the daily tol ls collected, shall be kept and shall be available for the information of all person s inte rested. Sworn statement of construction costs, etc. , SEC. 6 . The Madison Brid ge Company, it s successors and assigns, to be filed after com- shall within ninety days after the com pletion of suc h bridge file pletion. with the Secretary of War and with the highway departments of the S tates of Ind iana and Ke ntucky a swo rn it emized state ment showing the actual original cost of constructing the bridge and its approaches, the actual cost of acquiring any interest in real property necessary th erefor, and t he actual fin ancing and pro motion costs. Investigation by Secretary of War . the The Secretar y of War may, and upon req uest of the hi ghway depart- ment 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 bridge ; for the purpose of such investigation the said Madison Bridge Company, its successors and assigns, shall make available all of its records in connection with the construction, financing, and Findi ngs o f Se creta ry conclusive. promotion thereof. The findings of the Secretary of War as to the . reasonable costs of the construction, financing, and promotion of the bridge shall be conclusive for the purposes mentioned in section 4

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