Page:United States Statutes at Large Volume 47 Part 1.djvu/1577

 72d CONGRESS. SESS. II. CIL 271 . M ARCH 4, 1933 . 1553 bridge and approaches thereto across the Columbia River, at a point suitable to the interests of navigation, the bridge to be located at approximately in either section 20, 29, or 30, township 2 north , range 14 east, Williamette meridian, in the State of Oregon, and from the point of beginning on the Oregon shore of said river, thence running in a northerly direction to a suitable landing in the State of Washington and on the WW'ashington side of said Columbia Vol .X34 p.'84. River, i n accord ance wit h the pr ovisions of the A ct entit led "An Act to regulate the construction of bridges over navigable waters," approved March 23, 1906, subject to the conditions and limitations contained in this Act. (b) There is hereby conferred upon The Dalles Bridge Company, preaches Lion of sp- its successors and assigns, all such rights and powers to enter upon lands and to acquire, condemn, occupy, possess, and use real estate and other property needed for the location, construction, operation, and maintenance of such bridge and its approaches as are possessed by railroad corporations for railroad purposes or by bridge corpora- tions for bridge purposes in the State in which such real estate or other property is situated, upon making just compensation therefor, to be asce rtained nd paid accordin g to the laws of such St ate, and the proceedings therefor shall be the same as in the condemnation or expropriation of property for public purposes in such State. (c) The said The Dalles Bridge Company, its successors and `ool ra n. $s 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 in the Act of March 23, 1906. (d) After the completion of such bridge, as determined by the after i itionompleuo. Secretary of War, either the State of Washi ngton, the State of by wasbington, ore- Oregon, any public agency or political subdivision of either of such gon, etc' States, within o r adjoining whic h any part of su ch bridge is loca ted, or any two or more of them jointly, may at any time acquire and take over all right, title, and interestt in such b ridge and its approaches, 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 pub lic purp oses by condemna tion or e xpropria tion. I f Conveyance subject only to indebtedness, at any time after t he expiration of twenty years af ter the completi on etc ., for construction, of such bridge the same is acquired by condemnation or expropria- tion, 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 constructing such bridge and it .' 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 suns of the cost of constructing the bridge and its approaches and acquiring such interests in real prop- ert te) If such bridge shall at any time be taken over or acquired etc ooperationr State, 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 c hrged for the us e thereof, the r ates of toll shal l bee 'ate' applied to op- fun d, rati on, sinki ng f und, so adjusted as to provide a fund sufficient to pay for the reasonable etc . cost of maintaining, repairing, and operating the bridge grid its a pproac hes u nder econom ical manag ement . 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- So in original . 3051 - -33-98
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 * and (4) actual expenditures for necessary improvements.