Page:United States Statutes at Large Volume 45 Part 1.djvu/665

 614 SEVENTIETH CONGRESS. SESS. I. CHs. 638, 639. 1928 . May 18, 1928. CHAP. 638 .-An Act Authorizing the State highway commission, Common- [S .4291 .1 wealth of Kentucky, to construct, maintain, and operate a bridge across the [Pub lic, No . 437.] Cumberland River, at or near Arat, Cumberland County, Kentucky. Cumberland River. Be it enacted by the Senate and House of Representatives of the Ken tu cky may United States of America in Congress assembled, That the consent bridge, at Arat. of Congress is hereby granted to the State highway commission, Commonwealth of Kentucky, to construct, maintain, and operate a bridge and approaches thereto across the Cumberland River, at a point suitable to the interests of navigation, at or near Arat, Cum- Construction . berland County, Kentucky, in accordance with the provisions of an Post, 3p . 1527 Act entitled "An Act to regulate the construction of bridges over navig able water s," appro ved M arch 23, 1906, and subject to the con- ditions and l imitat ions c ontain ed in this Ac t. Rates of toll applied SEC. 2 . If tolls are charged for the use of such bridge, the rates of to operation, sinking fund, etc. toll shall be so adjusted as to provide a fund sufficient to pay the reasonable cost of maintaining, repairing, and operating the bridge and its approaches under econ omical management, and to provide a sinking fund sufficient to amortize the cost of the bridge and its approaches, including reasonable interest and financing cost, as soon Maintenance as free as possible under reasonable charges, but within a period of not to bridge, etc., after amor- exceed twenty years from the completion thereof. After a sinking tizin g costs. fund sufficient for such amortization shall have been so provided, such bridge shall therea fter b e main tained and op erated free of tol ls, 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, Record of expendi- repair, and operation of the bridge and its approaches under eco- tures and receipts . nomical management. An ac curate recor d of t he cos ts of the bri dge and it s appr oaches, the expend itures for ma intain ing, r epairi ng, an d operating the same, and of the daily tolls collected, shall be kept and shall be available for the information of all persons interested. Am endment. SEC. 3 . The right to alter, amend, or repeal this Act is hereby express ly res erved. Approved, May 18, 1928. May 18, 1928. [S. 4292.1 [Public, No . 438.] Cumberland River. Ken tu cky may bridge, at Center Point. Con struction. Vol.34,p.84. Post, p. 1500. Rates of toll applied to operation, sinking fund, etc. Maintenance as free bridge, etc ., after amor- tiz ing costs. CHAP. 639 .-An Act Authorizing the State highway commission. Common- wealth of Kentucky, to construct, maintain, and operate a bridge across the Cumberland River at or near Center Point in Monroe County, Kentucky. Be it enacted by the Senate and House of Representatives of the Unit ed S tates of A meri ca in Cong ress asse mbled, That the cons ent of Congress is hereby granted to the State highway commission, Comm onwe alth of Kent uck y, t o co nstr uct, ma inta in, and oper ate a bridge and approaches thereto across the Cumberland River, at a point suitable to the interests of navigation, at or near Center Point, Monro e Cou nty, Kent ucky, in a ccor dance with the prov ision s of an Act entitled "An Act to regulate the construction of bridges over navigable waters," approved March 23, 1906, and subject to the con- ditions and limitations contained in this Act. SEC. 2. If tolls are charged for the use of such bridge, the rates of toll shall be so adjusted as to provide a fund sufficient to pay the reasonable cost of maintaining, repairing, and operating the bridge and its approaches under econ omical management, and to provide a sinking fund sufficient to amortize the cost of the bridge and its approaches, including reasonable interest and financing cost, as soon as possible under reasonable charges, but within a period of not to exceed twenty years from the completion thereof. After a sinking fund suff icient fo r such am ortizatio n shall h ave been so provid ed, such bridge shall therea fter b e main tained and op erated free of tol ls, or the rates of toll shall thereafter be so adjusted as to provide a fund

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