Page:United States Statutes at Large Volume 45 Part 1.djvu/373

 322 SEVENTIETH CONGRESS. SESS. I. Cn. 227. 1.928 . just compensation therefor, to be ascertained and paid according to C onde mnati on pro - the laws of such State, and the proceedings therefor shall be the same ceedings . as in the condemnation or expropriation of property for public purp oses in such Sta te. Tolls authorized. SEC. 3. The said A. Robbins, his heirs, legal representatives, and assigns, is hereby authorized to fix and charge tolls for transit over such bridge, and the rates of toll so fixed shall be the legal rates until changed by the Secretary of War under the authority contained Vol.34,p.ss. in the Act of March 23, 1906. Acquisition author- SEC. 4. After the completion of such bridge, as determined by the ize d, after comp letion, by . Kentucky, Mis- Secretary of War, either the State of Kentucky, the State of sour`, etc' Missouri, any public agency, or political subdivision of either of 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 co mpeb satio n if m- property for public purposes by condemnation or expropriation. If quire d by conde m- nation. a t any time after the expiration of twenty years after the completion of such bridge t he same is ac quired by cond emnation or e xpropria- tion, the amount of damages or compensation to be allowed shall not include good will, going value, or prospective revenues or profits, Limitations. but shall be limited 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) the 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 b ridge and it s appr oache s and acquir ing s uch in terest in re al pro perty ; and (4) actual e xpenditures fo r necessary i mprovements. etc .,ooperatideer State, 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 Rates applied to op- are thereafter charged for the use thereof, the rates of toll shall etction, sinking fund, be so adjusted as to provide a fund sufficient to pay for the reason- etc. able 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 same. Maintenance as free After a sinking fund sufficient to pay the cost of acquiring the ti ing osts. after a mor- bridge and its approaches shall have been so provided, such bridge tizing c osts . shall thereafter b e maintained a nd operated f ree 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 repair, maint enance, and o peration of th e bridge and its approache s under Record of expendi- tures and receipts. economical management. An accurate record of the amount paid for acquiring the bridge a.nd its approaches, the actual expendi- tures for operating, repairing, and maintaining the same, and of the daily tolls collected shall be kept and shall be available for the information of all persons interested. sworn statement of SEC. 6. A. Robbins his heirs legal representatives, and assigns, construction costs, > > ete ., to be flled after shall, within ninety days after the completion of such bridge, file com pleti on. with the Secretary of War and with the highway departments of the States of Kentucky and Missouri, a sworn itemized statement showing the actual original cost of constructing such bridge and its approaches, the actual cost of acquiring any interest in real property necessary therefor, and the actual financing and promotion Investigation by the costs. The Secretary of War may, and upon request of either of Secretary of war. such highway departments shall, at any time within three years

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