Page:United States Statutes at Large Volume 48 Part 1.djvu/164

 138 73d CON GRESS. SESS. I. CHS. 68, 69. JUN E 13, 1933 . Maintenance as free exceed fifteen years from the completion thereof. After a sinking bridge after amortizing costs, etc. fund sufficient for such amortization shall have been so provided, such bridge shall thereafter be maintained and operated free of tolls, or the rates of toll shall thereafter be so adjusted as to provide a fund of not to exceed the amount necessary for the proper main- tenance, repair, and operation of the bridge and its approaches under main- Record of e b- economical management. An accurate record of the costs of the pes and receipts to be bridge and its approaches, the expenditures for maintaining, repair- ing, and operating the same, and of the daily tolls collected shall be kept and shall be available for the information of all persons interested. Amendme nt. SEC. 3. The right to alter, ame nd, or repeal this Act is hereby ex pres sly rese rved. Appro ved, J une 13, 1933 . [CHAPTER 69 .] June 13, 1933. AN ACT [5 .1783.]	 Granting the consent of Congress to the Overseas Road and Toll Bridge District, [Public, No. 48 .] a poli tical subd ivisi on of the State of F lorid a, to cons truct , main tain, and operate bridges across the navigable waters in Monroe County, Florida, from Lower Matecumbe Key to No Name Key. Be it enacted by the Senate and House of Representativ es of the Navigable waters in United States of America in Congress assembled, Tha t the consent Monroe County, Fla. Ove rs eas Ro ad and of Congress is hereby granted to the Overseas Road and Toll Bridge Tog B bridge Lower Bridge District Ma- Distr ict, a politi cal sub divisio n of t he Stat e of Fl orida, to con struct may , team bee oy Key to No maintain, and operate bridges and approaches thereto across the navi gable waters in M onroe County in th e Sta te of Florid a, at points suitable to the interests of navigation, between Lower Mate- Connecting hig h- cumbe K ey and No Name Key ( including such toll highways, ways, etc . bridges, viaducts, causeways, fills, embankments, roads, trestles, and other appurtenant structures as may be necessary to connect certain of the present termini of State road numbered 4-A in such manner as to complete a system of highways and bridges extending from construction . Miami to Key West, via Key Largo), in accordance with the pro- Vol.34,p.84. visions of an Act entitled "An Act to regulate the construction of bridges over navigable waters ", approved March 23, 1906, and subject to the conditions and limitations contained in this Act. Rates of t oll appli ed SEC. 2 . If tolls are charged for the use of such bridges, the rates of fu nd oration, sinking toll shall be so adjusted as to provide a fund sufficient to pay the reasonable cost of maintaining, repairing, and operating the bridges and their approaches under economical management, and to provide a sinking fund sufficient to amortize the cost of the bridges and their approaches, including reasonable interest and financing cost, as soon as p ossible under reasonable c harges, but wi thin a period Maintenance as free of not to exceed forty years from the completion thereof. After bridge tafter amortizing c a sinking fund sufficient for such amortization shall have been so provided, such bridges shall thereafter be maintained and operated free of tolls, or the rates of 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 bridges and their R ecord of expe ndi- approaches under economical management. An accurate record of kep ts and receipts to be the costs of the 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 pe rsons i nteres ted. Amen dment. SEC. 3 . The right to alter, amend, or repeal this Acc is hereby expressly reserved. Approved, June 13, 1933.