Page:United States Statutes at Large Volume 47 Part 1.djvu/1586

 1562 72d C ONGRESS. SESS. II. CH. 271. MARCH 4, 1933 . ferred, 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 corporation or person. Missouri River near Niobrara, Nebr. M ISSO URI RIVE R NE AR N IOBR ARA, NEB RASK A Time extended for SEC. 12 . That the times for the commencing and completing the bridging. construction of a bridge across the Missouri River at or ne ar Niobrara, Nebraska, authorized to be built by H. A. Rinder, his heirs, legal representatives, and assigns, by Act of Congress approved May 22, 1928, and extended by Act of Congress approved March 4, Vol.46,p 75. 708,1562; 1929, and further extended by Act of Congress approved March 3, 1930, are hereby further extended one and three years, respectively, fro m May 22, 1933 . East branch of Ni- EAST BRANCH OF THE NIAGARA RIVER NEAR NIAGARA FALLS, NEW YORK, agarA River. AND TONA WAN DA, NEW YOR K Bridge construction. SEC. 13. (a) That the consent of Congress is hereby granted to the N iaga ra F ront ier Brid ge C ommi ssio n, a St ate comm issi on, cre at ed by an act of the Legislature of the State of New York (chapt er 594 o f the La ws of 19 29), as amended, its suc cessors and assigns, to construct, maintain, and operate two toll bridges and approaches thereto across the east branch of the Niagara River, Co on 3~p on in accordance with the provisions of the Act entitled ` An Act to 84. regulate the con struction of bri dges over naviga ble waters," appr oved March 23, 1906, one such bridge to be located at a point suitable NAY Niagara Falls, to the interests of navigation, from the city of Niagara Falls, in the county of Niagara and State of New York, at a point east of Evershed Avenue in said city of Niagara Falls, to Grand Island, in the county of Erie and State of New York, and the other such bridge to be located at a point suitable to the interests of navigation, NY T onawa nda, fr om the town of Tonawanda about midway between the southerly city limits of the city of Tonawanda and the' northerly city limits of the city of Buffalo to Grand Island, in the county of Erie and State of New York . Time limitation . (b ) That t his Act shall be null an d void u nless co nstructi on of each of such bridges is commenced within two years and completed within five years from the date of approval hereof. vids ior f tolstion pro . (c) If tolls are charged for the use of such bridges, the rates sir, irin gfun dg of toll shall be so adjusted as to provide a fund sufficient to pay the reasonable cost of maintaining, repairing, and o perating such bri dges and their approaches under economical management, and to provide a sinking fund sufficient to amortize the cost of such bridges and their approaches, including reasonable interest and financing costs, Pay men t as soon as possible under reasonable charges : Provided, however, nt of opera- > > ting expenses. That n othin g her ein co ntain ed sha ll pr event the paymen t of the reasonable cost of maintaining, repairing, and o perating such bri dges and their approaches from funds derived other than from such tolls. After a sinking fund sufficient for such amortization of the Maintenance as free total cost of such bridges and their approaches shall have been amo r- tizing cost, after amor- tizing costs. so provided, such brides shall thereafter be maintained and operated ~'' free of tolls, or the rates of tolls 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 such bridges and their tares Record and of receiptsexp .e ndi- approaches under economical management. An accurate record of the cost of such bridges and their approaches, the expenditures for maintaining, repairing, and operating the same, and of the daily tolls collected, shall be kept and shall be available for the informa- tion of all persons interested.