Page:United States Statutes at Large Volume 48 Part 1.djvu/1042

 1016 73d CONGRESS. SESS. II. CHS. 603. JUNE 18, 1934 . [CHAPTER 603 .1 AN ACT June 18, 1934. (H .R. 9721.]	 Authorizing the Spencer County Bridge Commission, of Spencer County, Indiana, (Public, No. 410.] to cons truct, maint ain, and ope rate a toll b ridge across the Ohio Ri ver between Rockport, Indiana, and Owensboro, Kentucky. Be it enacted by the Senate and House of Representativ es of the Oh io . County, United States of America in Congress assembled, That in order to Spencer I Rnd p oay bridge, at promote interstate commerce, improve postal service, and provide ~l> for military and other purposes, the Spencer County Bridge Coin- Construction. mission, of Spencer County, Indiana, be, and is hereby, authorized to vol. 34, p. 84. construct, mai ntain, and op erate a bridg e and approach es thereto, across the Ohio River, at. a point suitable to the interests of naviga- tion, between Rockport, Indiana, and Owensboro, Kentucky, in accordance with the provisions of the Act entitled "An Act to regu- late the const ruction of br idges over na vigable waters ", approved March 23, 1906, and subject to the conditions and limitations con- Right to acquire real tained in this Act. estate for location, ap- SEC. 2. There is hereby conferred upon the Spencer County Bridge pro aches, etc. Commission, of Spencer County, Indiana, 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, 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 real estate or other property is situated, upon making just compensation therefor, to be ascertained and paid according to the laws of such C onde mnati on pro State, and the proceedings therefor shall be the same as in the con- demnation or expropriation of property for public purposes in such State. Tolls authorized SEC. 3 . The said Spencer County Bridge Commission, of Spencer County, Indiana, 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 author- ity contained in the Act of March 23, 1906. Ra tes adjusted to SEC. 4. In fixing the rates of toll to be charged for the use of such sskiing fu for ndo e paration, bridge, the same shall be so adjusted as to provide a fund sufficient to pay for the reasonable cost of maintaining, repairing, and operat- ing the brid g e and its approaches under economical management, and to provide a sinking fund sufficient to amortize the cost of such bridge and its approaches, including reasonable interest and financ- ing cost, as soon as possible, under reasonable charges, but within a period of not to exceed twe nty years fro m the completi on thereof. After a sinking fund sufficient for such amortization shall have been maintenance as free so provided, such bridge shall thereafter be maintained and operated bridge, osts, after amor- tizing free of tolls, or the rates of toll shall thereafter be so adjusted as to tiz ing ing costs . provide a fund of not to exceed the amount necessary for the proper maintenance, repair, and operation of the bridge and its approaches R ecord of expe ndi- under economical management. An accurate record of the cost of tures and receipts. the bridge and its approaches, the expenditures of maintaining, repairing, and operating the same, and of the daily tolls collected shall b e kept and sha ll be availab le for the in formati on of a ll per sons interested. Am endment. SEC. 5. The right to alter, amend, or repeal this Act is hereby expressly reserved. Appro ved, June 18, 1934.