Page:United States Statutes at Large Volume 46 Part 1.djvu/846

 SEVENTY-FIRST CONGRESS. SEss. II. CHs. 581, 582 . 1930. 803 SEC. 3. The Act of Congress approved April 7, 1930, entitled Ante, p. 142. "An Act granting the consent of Congress to the Arkansas State Highway Co mmission to construct, maintai n, and operate a free highway bridge across the Arkansas River at or near the city of Ozark, Franklin County, Arkansas," is hereby repealed. SEC. 4 . The right to alter, amend, or repeal this Act is hereby Amendment. expressly reserved. Approved, dune 23, 1 930. CHAP. 582.-An Act Authorizing the Monongahe la Bridge Company, its Tune 23,1930. [11. R. 119341 successors and assigns, to construct, maintain, and operate a bridge across the [Public, No. 422 ] Monongahela River at or near the town of Star City, West Virginia. Be it enacted by the Senate and House o f Representatives o f the United States o f America in Congress assembled, That in order to Mo non gahe la Rive r. B rid promote interstate commerce, improve the postal service, and pro- Co pany may bridge vide for military and other purposes, the Monongahela Bridge Com- at star City, W. Va. pany, its successors and assigns, be, and is hereby, authorized, sub- Post, p. 1527. ject to the approval of the State Bridge Commission of West Vir- ginia, to construct, maintain, and operate a bridge and approaches thereto across the Monongahela River, at a point suitable to the interests of navigation, at or near the town of Star City, West Vir- Construction. ginia, in accordance with the provisions of the Act entitled " An Vol.34,p.84. Ac t to reg ulate the constru ction of bridges over na vigable w aters," approved March 23, 1906, and subject to the conditions and limita- tions contained in this Act. SEC. 2. After the completion of such bridge, as determined by the gia et c, tocq uir e" Secretary of War, either the State of West Virginia, any political subdivision thereof, 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 bri dge and its appro aches, a nd any i nterest in real p roperty neces- sary therefor, by purchase or by condemnation or expropriation, By purchase, con . in accordan ce with t he laws of such State go verning t he acqui sition demnation,etc, of private property for public purposes by condemnation or expro- priation . If at any time after the expiration of ten years after Compensation if ac . quired by condemna- the completion of such bridge the same is acquired by condemnation tion. or exp ropriation, the amount of dama ges or compensation to be allowed shall not include good will, going value, or prospective rev- enues or profits but shall be limited to the sum of (1) the actual Limitations. cost of constructing 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 constructing the bridge and its approaches and acquiring such interests in real property ; and (4) actual expenditures for neces- sary improvements. SEC. 3. If such bridge shall at any time be taken over or acquired etc lls under state, by the State of West Virginia or by any municipality or public ag ency or other pol itical s ubdivisi on there of, unde r the pro visions of section 2 of this Act, and if tolls are thereafter charged for the use thereof, the rates of toll shall be so adjusted as to provide a eraon spp inkied to oa fund sufficient to pay for the reasonable cost of maintaining, repair- etc. ing, and operating the bridge and its approaches under economical management and to provide a sinking fund sufficient to amortize th e amount paid the refor, i ncluding reasona ble inte rest and financ- ing cost, as soon as possible under reasonable charges, but within a period of not to exceed twenty years from the date of acquiring

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