Page:United States Statutes at Large Volume 47 Part 1.djvu/827

 72d CONGRESS. SESS. II. CH. 55. FEBRUARY 14, 1933 . 803 take over all right, title, and interest in such bridge and its approac hes, a nd any inter est in real propert y nece ssary theref or, by purchase or by condemnation or expropriation, in accordance q on toaamnc- with the laws of either of such States governing the acquisition of tion,ate, private property for public purposes by condemnation or expropria- tion. If at any time after the expiration of five years after the complet ion of such bridge the s ame is acquir ed by condem nation or expropriation, the amount of damages or compensation to be allowed shall not include good will, going v alue,- or prospect ive reven ues or profits, but shall be limited to the sum of (1) the actual cost of con- Limitation. structing such bri dge and i ts approa ches, les s a reaso nable ded uction 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. SEC. 5. If such bridge shall at any time be taken' over or acquired etTOperattonr 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 charged for the use thereof, the rates of toll shall be opestson, app lie d ru nt so adjusted as to pr ovide a f und suffi cient to pay for the reaso nable etc. cost of maintaining, repairing, and operating the bride and its ap- p roach es un der econo mical mana geme nt, a nd to pro vide a sin king fund sufficient to amortize the amount paid therefor, including rea- sonable interest and financing cost, as soon as possible under rea- sonable charges, but within a period of not to exceed twenty years from the date of acquiring the same. After a sinking fund sufficient for such amortization shall have been so provided, such bridge shall br Maintenance t e,. emoe thereafter be maintained and operated free of tolls, or the rates of tiling costs. 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 man- agement. An accurate record of the amount paid for acquiring the tor ea n d receip elt qr d`- bride and its approaches, the actual expenditures for maintaining, repairing, and operating the same and of the daily tolls collected, shall be kept and shall be available for the information of all persons inte res ted. SEc. 6. The said Roy H. Campbell, Charles H. Brown, G. H. oonWr ucti on cowt sne ta Wilsey, and Doctor H. O. Strosnmder, their heirs, legal representa- to be filed af ter corn . tives, and assigns, shall within ninety days after the completion of such bridge file with the Secretary of War and with the highway departments of the States of Missouri and Iowa, a sworn itemized statement showing the actua l origina l cost of construc ting the bridge and its a pproaches, the act ual cost of acquir ing any i nterest i n real property necessary therefor, and the actual financing and promo- tion costs. The Secretary of War may, and upon request of the high- a ce E e a ati w by way 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 in the statement of costs so filed, and shall make a finding of the actual and reasonable costs of constructing, financing, and pro- moting such bridge ; for the purpose of such investigation the said Roy 1-1. Campbell, Charles H. Brown, G. H. Wilsey, and Doctor H. 'O. S trosnider, their heirs, legal re presentatives, a nd assigns, shal l make available all of its records in connection with the construction, financing, and promotion thereof. The findings of the Secretary of Cod "•r secretary War as to the reasonable costs of the construction, financing, and promotion of the bridge shall be conclusive for the purposes men-