Page:United States Statutes at Large Volume 47 Part 1.djvu/1582

 1555 72d CONGRESS. SESS. II. CIL 271. MARCH 4, 1933 . deduction for actual depreciation in value- (2) the actual cost of acquiring such interests in real property ; ?3) actual financing and promo tion costs (not to exceed 10 per cent um of the sum of the cost of constr ucting the bridg e and its approa ches and acquiri ng such interests in real property) ; and (4) actual expenditures for neces- sar~ impro vement s . etc ., unde r state, , le) If such bridge shall at any time be taken over or acquired by , operation. the Sta tes or public agencies or political subdivisions thereof, or by either of t hem, as provided in section 4 of this Act, and i f tolls rates applied to op- are thereafter charged for the use thereof, the rates of toll shall be eration, sinking fund, 5 etc. s o adjusted as to provide a fund sufficient to pa y for the reason able cost of maintaining, repairing, and operating the bridge and its approac hes, und er econo mical ma nagement to prov ide a si nking fu nd sufficient to amortize the amount paid therefor including reasonable interest and fin ancing c ost, as soon as possible under re asonable charges, within a period of not to exceed thirty years from the date Maintenance, as more brid ge, of acq uirin g the same. After a sinking fund sufficient for such osts. after amor ° amortization shall have been so provided, such bridge shall there- after 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 ex ceed the amount necessary for the proper maintenance, repair, and opera- Record o f expendl. tion of the brid ge and i ts appro aches un der econo mical ma nagement. tares and receipts. An accurate record of the amount paid for acquiring the bridge and its approaches, the actual expen ditures for oper ation, repairing, and maintaining the same, and of the daily tolls collected shall be kept and shall be a vailable for the information of all persons inte rested. construction sworn cost, statement etc ., of (f) The said George Washing ton-Wakefield Memorial Brid ge, to be sled upon com- Inc ., .its successors and assigns, shall within ninety days after the pletion. completi on of su ch bridg e file w ith the Secretary of War and with the Highway Departments of the States of Virginia .and Maryland a swor n ite mized state ment showin g the actu al or iginal cost of constructing the bridge and its approaches, the actual cost of acquir- ing any interest in real property necessary therefor and actual Investigation by see- retery of War financing and promotion costs. The Secretary of War may, and . upon request of the highway department of either of such States shall, at any time within three years after the completion of such bridge, investig ate such costs a nd deter mine the accuracy and the reasonableness of the costs alleged in the statement of costs so filed, and shall make a findi ng of the a ctual and reaso nable costs of constructing, financing, and promoting such bridge- for the purpose of such investigation the said George Washington-Wakefield Memo- abRecords to be avail- rial Bridge, Inc ., its successors and assigns, shall make available all of its records in connection with the construction, financing, Findingsoms ecretary and promotion thereof. The findings of the Secretary of War as conclusive. to the reasonabl e costs of the c onstruction, fin ancing, and promo tion of the bridge shall be conclusive for the purposes mentioned in section 4 of this Act, subject only to review in a court of equity for fraud or gross mistake. Ri conferred. to sell, etc., (g 'g" ' ) The right to sell, assign, transfer, and mortgage all the rights, powers, and priv ileges conferred by this Act is hereby granted to the said G eorge Wash ington -Wake field Memorial Bridge, Inc ., its suc- cessors and assigns, and any corporation to which or any persons to whom such rights, powers, and privileges may be sold, assigned, or transferred, or who shall acquire the same by mortgage foreclosure or otherwise, is hereby authorized and empowered to exercise the same as fully as though conferred herein directly upon such corpora- lion or person.