Page:United States Statutes at Large Volume 48 Part 1.djvu/132

 106 73d CONGRESS. SESS. I. CH. 44. MAY 29, 1933 . Regional Bridge Company . Const ructi on of bridge by. in the amount of $600,000, upon condition that certain require- ments be met and agreed to by the States of Kansas and Missouri and Whereas the Legislature of the State of Kansas and the General Assembly of the State of Missouri, to make effective the acts of their respective legislative bodies herein cited and to meet the requirements imposed by the Reconstruction Finance Corporation h ave each ado pted the fol lowi ng r esol utio n Whereas Regional Bridge Company, a corporation organized and existing under the laws of the State of Delaware, is the owner and h older of a f ranchi se gr anted by the Cong ress o f the United S tates to con struct (acc ording to pl ans a pprove d by t he War Department of the United States), maintain, and operate a toll bridge across the Missouri River from a point at or near Kansas City in Wyandotte County, Kansas, to a point in Platte County, Missouri ; and Whereas Regional Bridge Company desires to commence the con- struction of such bridge as soon as the same is fully financed and Whereas Reconstruction Finance Corporation of the United States has agreed with Regional Bridge Company to aid in financing the construction of such bridge, under authority of the Act of Con- gress known as the " Emergency Relief and Construction Act of 1932 ", by purchasing at par the bonds of Regional Bridge Com- pany, secured by mortgage on such bridge, in the amount of $600,000 ; but Whereas Reconstruction Finance Corporation has imposed certain requirements, to be met and agreed to by the States of Missouri and Kansas, as conditions precedent to its purchase of such bonds ; and Whereas inasmuch as such bridge will form an important link in and improvement to the highway systems of the States of Missouri and Kansas, and will be of benefit and advantage to the citizens of both, and the public, and inasmuch as Regional Bridge Coin- pany, by resolution duly passed by the unanimous vote of its s tock hold ers, has agr eed to t rans fer and conv ey s uch brid ge, free of cost, to the State Highway Commissions of Missouri and of Kansas, on behalf of such States of Missouri and Kansas, jointly, such conveyance to be made as soon as such mortgage shall have been properly recorded in both Missouri and Kansas, subject to the right of and duty upon Regional Bridge Company fully to complete the construction of such bridge, it is to the interest and benefit of the States of Missouri and Kansas, and the citizens of both, that the States of Missouri and Kansas meet and agr ee to the r equire ments of th e Reco nstruc tion Financ e Corporation, as conditions precedent to the purchase of such bonds : Now, therefore In consideration of the benefits and advantages accruing to the States of Missouri and Kansas, and the citizens of both, and in consideration of the adoption of this resolution by both the States of Missouri and Kansas, the States of Missouri and Kansas, hereby enter into the following compact and agreement Be it reso lved by the Senate of the State of Kansas, the House of Representatives agreeing thereto : SE CTI ON 1. Regional Bridge Company, its successors and assigns, shall be, and it is hereby, authorized to construct, maintain, and operate such bridge across the Missouri River from a point at or near Kansas City, in Wyandotte County, Kansas, to a point in Platte County, Missouri, according to plans approved by the War