Page:United States Statutes at Large Volume 45 Part 1.djvu/209

 158 SEVENTIETH CONGRESS. SESS. I. C$. 114 . 1928 . Acqu isiti on author- SEC. 2. After the comp letion of such br idge, as determi ned by t he ized, after completion, by Missouri, etc. Secretary of War either the State of Missouri, any political subdivi- sion thereof within or adjo ining 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 ap- proaches, and any interest in real property necessary therefor, by Cond emna tion p ro- purchase or by condemnation in accordance with the laws of such ceedings. State governing the acquisition of private property for public pur- Compensation if ac- poses b condemnation or expropriation. If at any time after the quired by condemna- y y tion. expiration of twenty 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, a Limit atio ns. going value, or prospective revenues or profits, but shall be limited to the sum (1) the actual cost of constructing such bridge and its pproaches, less a reasonable deduction for actual depreciation in value ; (2) the actual cost of acquiring such interests in real prop- erty ; (3) actual financing and promotion cost, not to exceed 10 per centum of the sum of the cost of constructing the bridge and its ap- proaches and acquiring such interest in real property ; and (4) actual expenditures for necessary improvements. Tolls under State op- SEc. 3 . If such bridge shall at any time be taken over or acquired eration. by the State of Missouri or by any municipality or other political er Rate s ap pl i ed to op- subdivision or public agency thereof, under the provisions of section etc. 2 of this Act, and if tolls are charged for the use thereof, the 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 appr oach es u nder eco nomi cal mana geme nt, and to p rovi de a sinking fund sufficient to amortize the amount paid therefor including reasonable interest and financing cost, as soon as possible under rea- sonable charges, but within a period of not to exceed twenty years Maintenance as free bridge, etc ., after amor- from the date of acquiring the same. After a sinking fund sufficient tizing costs. for such amortization shll have been so provided, such bridge shall thereaf ter be m aintaine d and op erated f ree of t olls, or the rat es of tolls shall thereafter be so adjusted as to provide a fund of not to exceed the amount necessary for the proper maintenance, repair, and oper atio n of the bri dge and its appr oach es u nder eco nomi cal man- tares Record and of receipts. tpend i- ag e m e n t. 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 avail able for the info rmati on o f all per sons inter este d. Sworn statement of SEc. 4. Frank M. Burruss, his heirs, legal representatives, and construction costs, etc ., to be filed after com- assigns, shall within ninety days after the completion of such bridge pletion . file with 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, th e actual cost of acquiri ng any i nterest in real property necessa ry rotary Investigation by sec- therefor, and the actual financing and promotion costs. The Secr e- tary of War may, and at the request of the highway department of the State of Missouri 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 reason- able co sts of constructing, financing, and prom oting such bridge ; for the purpose of such investigation the said Frank M. Burruss, his heirs, legal representatives, and assigns, shall ma ke a vail able all records in connection with the construction, financing, and promo- o onc lus ive . Findings of Secretary tion thereof. The findings of the Secretary of War as t o the rea- sonable costs of the construction, financing, and promotion of the

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