Page:United States Statutes at Large Volume 45 Part 1.djvu/756

 SEVENTIETH CONGRESS. SEss. I. Cx. 681 . 1928 . 705 SEC. 3 . The said I nterstate Bri dge Company, its successors and Tolls authorized . 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 .85. in the Act of March 23, 1906. SEC. 4 . After the completion of such bridge, as determined by Acquisition , ized, after completion, the Secretary of War, either the State of Kansas, the State of ilMis- by Kan sas, Missour i, souri, any public agency or political subdivision of either of such etc. 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 ap- proaches, 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 property for public purposes by condemnation or expropriation. If at any , time after the expiration of twenty years after the com- compensation if ac- If y quired by condem ns- pletion of such bridge the same is acquired by condemnation or lion. 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- structing Lim itat ions. 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 costs, not to exceed 10 per centum of the sum of the cost of con- structing the bridge and its approaches and acquiring such interests in real property ; and (4) actual expenditures for necessary improve- ments. 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 Rates applied t op• thereafter charged for the use thereof, the rates of toll shall be so eracion, sinking fun d, adjusted as to provide a fund sufficient to pay for the reasonable 11 10- cost of maintainin g, repairing, and operating the bridge and its approaches under economical management, and to provide a sinking fund sufficient to amortize the amount paid ther efor, in clud ing reasonable interest and financing cost, as soon as possible under reasonable charges, but within a period of not to exceed twenty Maintenance as free years from the date of acquiring the same. After a sinking fund sufli- bridge, etc ., after amor- cient for such amortization shall have been so provided, such bridge sizin g costs. sh all th ereafte r be ma intain ed and operate d free of tol ls, or the ra tes 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 Record of ezpendi. management. An accurate record of the amount paid for acquiring tures and receipts. the bridge and its approaches, the actual expenditures for maintain- ing, repairing, and operating the same, and of the daily tolls collected, shall be kept and shall be available for the information of all pe rsons i nterest ed. Sw orn state ment of SEC. 6. The Interstate Bridge Company, its successors and assigns, construction costs, etc ., shall within ninety days after the completion of such bridge file plet on~led after nom- with the Secretary of War and with the highway departments of the States of Kansas and Missouri, a sworn itemized statement show- ing the actual original cost of constructing the bridge and its approaches, the actual cost of acquiring any interest in real property nec essary theref or, and the a ctual financin g and promoti on costs. Examination by See- The Secretary of War may, and upon request of the high way ret aryo f Wa r. department of either of such States shall, at any time within three years after the completion of such bridge, investigate such costs and determine the accuracy and the reasonableness of the costs alleged

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