Page:United States Statutes at Large Volume 45 Part 1.djvu/445

 394 SEVENTIETH CONGRESS. SESS. I. CHs. 294, 295. 1928 . to the Interstate 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 acq uir e the s ame by mortgage foreclosure or otherwise, is hereby aut hor iz ed and empowered to exercise the sa me as fully as though conferred herein directly upon such corporation or person. Am endment. SE C. 8. The right to alter, amend, or repeal this Act is hereby expressly reserved. Ap prove d, M arch 29, 1928 . March 29, 1928. [a .R. 10756 .1 CHAP. 295 .-An Act Authorizing the State of Indiana to construct, main- [Public, No. 225 .1 t ain, and o pera te a toll bridg e ac ross the M iami Rive r bet ween Lawr enceb urg, Dearborn County, Indiana, and a point in Hamilton County, Ohio, near Colum- bia Park, Hamilton County, Ohio. Miami River. Be it enacted by the Senate and House of Representatives of the Indiana may bridge, United States o f America in Congress assembled, That in order to between Lawrence- burg, Ind ., and Colum- pr omote in terstate commerc e, impro ve the P ostal Se rvice, a nd provi de bid Park, ohio, for mili tary and other p urposes, the Stat e of Ind iana, ac ting by and through its State highway commission and the successors of said commission, be, and is hereby, authorized to construct, maintain, and operate a bridge and approaches thereto across the Miami River, at a point suitable to the interests of navigation between Lawrenceburg, Dearborn County, Ind ia na, and a poi nt in Hamilton Const ruction. Co unty, Ohio , near Col umbia Park , Hamilton County, O hio, in Vol.34,p.84. a ccor danc e wi th the p rovi sion s of the Act ent itle d "An Act to regulate the construction of bridges over navigable waters," approved March 23, 1906, and subject to the conditions and limitations con- Right to acquire real tained in this Act. estate, etc., for location, SEC. 2. That there is hereby conferred upon the State of Indiana, approaches, etc. acting' by and through its State highway commission and the suc- ces sors of said com mission, all suc h rights and pow ers to e nter upo n lands and to acquire, condemn, occupy, possess, and use real estate and other property needed for the location, construction, maintenance, and operation of su ch bridge and its approaches as are possessed by r ailroad corporat ions for railroad purpose s or by bridge c orpora- tions for bridge purposes in the State in which such real estate or other property is situated upon making just compensation therefor, Condem nation pro - to b e ascert ained an d paid' a ccording to the laws of such Sta te, and ceedings. the proc eeding s the refor shall be the same as in th e con demnat ion Tolls authorized . or expropriation of property for public purposes in such State. SEC. 3. That the State of Indiana, acting by and through its State highway commission and the successors of said commission, is hereby auth orized t o fix an d charge tolls fo r transi t over s uch brid ge, and Vol. 34, p. 85. the rate s of toll so fix ed shall be the l egal rates until changed by the Secretary of War under the authority contained in the Act of March Rate s of toll app lied 23, 1906 . fu nd operation, sinking SEC. 4. That in fixing the rates of toll to be charged for the use of such bridge the same shall be so adjus ted as to provide a fund suffic ient to pay for the reas onable c ost of m aintaini ng, repa iring, and ope rati ng the bridge and its ap proa ches , un der econ omic al management, and to provide a sinking fun d suf fi cie nt to amortize such bonds or other securities as may be legally issued by said State for the cost of su ch bridge and its approaches, with reasonable financing ch arg es and red em pti on provisions, as so on as possible Maintenance as free under reasonable tolls, but within a period of not to exceed twenty bridge, etc ., after amor years from the completion thereof. After a sinking fund, including ruing costs. the ea rnings t hereof f rom inve stment o r otherw ise, uff iciet fo r su c amortization shall have been provided, such bridge shall thereafter

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