Page:United States Statutes at Large Volume 45 Part 1.djvu/754

 SEVENTIETH CONGRESS. SESs. I. On. 679. 1928 . 703 legal rates until changed by the Secretary of War under the authority Vol.34,p.85 . contained in the Act of March 23, 1906. Acquisition author- SEC. 4 . After the completion of such bridge, as determined by the iZed, afte r co mplet ion, Secretary of War, either the State of Wisconsin, the State of Minne- at a`etconsin, Minne- sota, 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 ove r al l ri ght, tit le, and inte rest in such bri dge and its ap- proaches, and any interest in real property necessary therefor, by pur- chase or by condemnation or expropriation, in accordance with the laws of either of such States governing the acquisition of private property for public purposes by condemnation or expropriation. If at any time after the expiration of twenty years after the com- Compensation it ac- quired of such b ridge the sa me is acqui red by cond emnati on or by c onde mna- expropriation, the amount of damages or compensation to be allowed shall not include good will, going value, or prospective revenues or profits, but shall be limited to the sum of (1) the actual cost of con- Limi tatio ns. strutting such bridge and its approaches, less a reasonable deduction for ac tual de precia tion in value ; (2) t he actu al cost of ac quiring such interests in real property ; (3) actual financing and promotion costs, not to exceed 10 per centum of the sum of the cost of constructing the bridge and its approaches and acquiring such interest in real prop- er t y ; and (4) actual e xpenditures fo r necessary i mprovements. Tolls under state, SEC. 5 . If such bridge shall at any time be taken over or acquired etc., operation. 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 are thereafter charged for the use thereof, the rates of toll shall be Rate s app lied to oration, sinking fund, so adjusted as to provide a fund sufficient to pay for the reasonable etc • 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, including rea- sonable interest and financing cost, as soon as possible under reason- able charges, but within a period of not to exceed twenty years from the date of acquiring the same. After a sinking fund sufficient for Maintenance as fr ee e~ bridge, etc ., after amor- such amortization shall have been so provided, such bridge shal l tiling costs, etc • thereafter b e maintained and operated free of tolls, or the rate s of toll shall thereafter be so adjusted as to provide a fund of not to exceed the amount necessary for the proper maintenance, repair, and operation of the bridge and its approaches under economical mana ement. An accurate record of the amount aid for acquiring ,~ Record or eapendi- g h tares and receipts. the bridge and its approaches, the actual expenditures for maintain- ing, repairing, and operating the same, and of the daily tolls col- lected, shall be kept and shall be available for the information of all p ersons intere sted. SEC. 6 . The Saint Croix Interstate Bridge Company, its successors Sworn statement construction costs to be and assigns, shall, within ninety days after the completion of such filed aft er completion . bridge, file with the Secretary of War and with the highway depart-, ments of the States of Wisconsin and Minnesota a sworn itemized statement showing the actual original cost of constructing the bridge and its approaches, the actual cost of acquiring any interest in real property necessary therefor, and the actual financing and promotion costs. The Secretary of War may, upon re quest of the h igh- Examination by Sec- costs. tetary of war. way department of either of such States shall at any time within thre e years after the co mpletio n of s uch bri dge, in vestig ate suc h 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 reasonable costs of constructing, financing, and promoting such bridge. For the purpose of such investigation the said Saint Croix Interstate Bridge Company, its successors and ass igns, shall m ake ava ilable all of its re cords in conn ection with t he

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