Page:United States Statutes at Large Volume 45 Part 1.djvu/201

 150 SEVENTIETH CONGRESS. SEss. I. Cii. 108. 1928 . of the sum of the cost of constructing the bridge and its approaches and acquiring such interest in real property, and (4) actual expend- itures for necessary improvements. ete operations state, SEC. 3. If such bridge shall at any time be taken over or acquired by the State of Missouri or by any municipality or other political Rates applied to op- subdivision or public agency thereof, under the provisions of sec- eration, sinking fund, tion 2 of this Act, and if tolls are charged for the use thereof, the etc ° rates of tolls shall be so adjusted as to provide a fund sufficient to pay for the reasonable cost of maintaining, repairing, and operating the bridge and its approaches under economical management, and to provide a sinking fund sufficient to amortize the amount paid therefor as soon as possible under reasonable charges, but within a period of not to exceed twenty years from the date of acquiring the bridge, etc ., Maintenance after as amor- fre e same. After a sinking fund sufficient to the cost of acquiring tizin g costs. the bridg e and its ap roach es sha ll hav pay een so provide, such bridge shall thereafter be maintained and operated free of tolls, or the rates of tolls shall thereafter be so adjusted as to provide a fund of not to excee d the amount n ecessary for the proper mai nte- nance, repair, and operation of the bridge and its approaches under Record of eapendi- tares and receipts, e~ economical management. 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 toll s colle cted s hall be kept a nd sha ll be a vailabl e for the inf ormatio n of all persons interested. cons truct ion, costs , ment etc ., Sworn c of SEC. 4. The Hermann Bridge Compan y, its success ors and assig ns, to be filed after com- shall within ninety days after the completion of such bridge file with pletion. the Secretary of War, and with the highway department of the State of Missouri, 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 ret ary o fig War . by Sec- the actua l financing an d promotion c osts. The Se cret ary of War may, and at the request of the highw ay department of the State of Missouri shall, at any time within three years after the completion of such b ridge, investi gate such cos ts and determ ine the accura cy 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 Hermann Bridge Company, its succes- sors and assigns, shall make available all records in connection with Find ings of S ecret ary the construction, financing, and promotion thereof. The findings of conclusive. 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 2 of this Act, subject only to review in a court of equity for fraud or gross mistake. confe rred to s ell, etc ., SEC. 5. The right to sell, assign, transfer, and mortgage all the rights, powers, and privileges conferred by this Act, is hereby granted to Hermann 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 acquire the same by mortgage foreclosure or otherwise, is hereby authorized and empowered to exercise the same as fully as though confe rred herein d irectly upon such corporati on or person. Amendment. SEC. 6 . The right to alt er, amend, or repeal this A ct is hereby expressly reserved. Approved, February 28, 1928.

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