Page:United States Statutes at Large Volume 48 Part 1.djvu/1007

 73d CONGRESS. SESS. II. CHS. 571, 572. JUNE 18, 1934 . 981 rescind the agreements between them of March 2, 1926, November 14, 1923, January 11, 1922, June 17, 1920, and December 17, 1917, each party in such rescissory agreement to release the other from obligation . r ele ase Mutual of all obligations, accrued or to accrue, under the said five agreements, and the United States as a part of said rescissory agreement to quitclaim to the said district all the right, title, interest and estate conveyance of U .S. interest to reclamation of the United States in or to said King Hill Reclamation project, project. including the water rights thereof and any real estate acquired or held by the U nited States in co nnecti on ther ewith. Approved, June 18, 1934. [CHAPTER 572 .1 AN ACT June 18, 1934. Creating the Florence Bridge Commission and authorizing sai d Com mis si on and	[8.3230.] its successors and assigns to construct, maintain, and operate a bridge across the (Public, No . 379.] Missouri River at or near Florence, Nebraska . Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That in order to Missouri River. Florence, Nebr.. promote interstate commerce, improve the postal service, and pro- Bridge Board of Trus- vide for military and other purposes, Charles J . Andersen, John A . tees may bridge . Kuhn, and Henry Rief, all as trustees, or their successors in office, are hereby authorized to construct, maintain, and operate a bridge and approaches thereto across the Missouri River, at a point suit- able to the interests of navigation, at or near Florence, Douglas County, Nebraska, in accordance with the provisions of the Act entitle d "An Act to regul ate th e cons tructio n of b ridges over navi- Con strrucctio 8n_ gable waters ", approved March 23, 1906, and subject to the condi- tions and limitations contained in this Act ; said trustees shall own and hold said bridge in trust for Douglas County, Nebraska, and Pott awattamie County, Io wa ; said trustees being known as and functioning as the " Florence Bridge Board of Trustees " and serv- ing w ithou t com pens ation. Sa id boa rd of truste es is hereby grante d the right to assign, transfer, and mortgage all of the rights, powers, and pri vilege s conf erred by thi s Act. SEC. 2. There is hereby conferred upon said board of trustees such Right to acquire real rights and powers to enter upon lands and to acquire, condemn, Mate for l eation, ap pr oaches, etc. occupy, possess, and use real estate and other property needed for the location, construction, maintenance, and operation of such bridge and its approaches as are possessed by railroad corporations for railroad purposes or by bridge corporations for bridge purposes in the State in which such rea l estate or other property is situat ed, upon making just compensation therefor, to be ascertained and paid according to the laws of such State, and the proceedings therefor Condem natio n pro- shall be the same as in the condemnation or expropriation of property ceeduigs. for public purposes in such State. SEC. 3. The said board of tru stees is her eby au thorize d to f ix and To l. p. 85 . charge tolls for transit over such bridge, and the rates of toll so fixed s hall b e the legal rates until changed by th e Secr etary of War under t he aut hority conta ined i n the Act of March 23, 19 06. SEC. 4. In fixing the rates of toll to be charged for the use of Rates t doe beoadjjuse such bridge the same shall be so adjusted as to provide a fund suf- Lion, sinking fund, etc. ficient to pay for the reasonable cost of maintaining, repairing, and opera ting the b ridg e and its appr oache s und er ec onom ical manag e- ment, and to provide a sinking fund sufficient to amortize the cost of such bridg e and its ap proach es, in cluding reaso nable intere st and financing cost, as soon as possible, under reasonable charges, but within a period of not to exceed twenty years from the completion thereof. After a sinking fund sufficient for such amortization shall