Page:United States Statutes at Large Volume 45 Part 1.djvu/667

 616 SEVENTIETH CONGRESS. SESS. I. CHs. 641, 642. 1928. Con struction . Vol.34,p . 84. Post, p. 1488. Rates of toll applied to operation, sinking fund, etc. Maintenance as free bridge, etc ., after amor- tiz ing costs. R ecord of expe ndi- tures and receipts. Amen dment. 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 economical 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 po ssible under reaso nable charges, but within a per iod o f not to exceed twenty years from the completion thereof. After a sinking fund sufficient for such amortization shall have been so pro- vided, such bridge shall thereafter be maintained and operated free of tolls, or the rates of toll shall thereafter be so adjusted as to pro- vide a fund of not to exceed the amount necessary for the proper maintenance, repair, and operation of the bridge and its approaches under economical management. An accurate record of the costs of the b ridge and its appro aches, th e exp endit ures for maint ainin g, re pairin g, and opera ting t he sam e, and of the daily tolls colle cted, shall be kept and shall be available for the information of all persons interested. SEC. 3. The right to alter, amend, or repeal this Act is hereby ex pressl y rese rved. Approved, May 18, 1928. May 18, 1928. [S .4 295 .1 CHAP. 642 .-An Act Authorizing the State highway commission, Common- [Public, No. 441.1 wealth of Kentucky, to construct, maintain, and operate a bridge across the Cu mberland River at or near t he mouth of India n Creek i n Russell County, Ke ntucky. Cumberland River . Be it enacted by the Senate and House o f Representatives o f the Kentucky m ay United States o f America in Congress assembled, That the consent bridge, creek outh °f 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 the mouth of const ruction. Indian Creek, Russell County, Kentucky, in accordance with the Vol.34,p.84. Post, p.1525. provisions of an Act entitled "An Act to regulate the construction of bridges over navigable waters," approved March 23, 1906, and subject to the conditions and limitations contained in this Act. Rates of toll applied SEC. 2 . If tolls are charged for the use of such bridge, the rates to operation, sinking fund, etc. of toll sha ll be so adjusted as to pro vide a f und suffi cient to pay 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 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 tiling costs. fund sufficient for such amortization shall have been so provided, such bridge shall thereafter be maintained and operated free 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 mainte- Re cord of e xpen di- nance, repair, and operation of the bridge and its approaches under tures and receipts . economical management. An accurate record of the costs of the bri dge an d its approa ches, the ex pendit ures fo r main tainin g, rep air- ing, and operating the same, and of the daily tolls collected shall be kept and shall be available for the information of all persons int erested.

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