Page:United States Statutes at Large Volume 48 Part 1.djvu/177

 73d CONGRESS. SESS. I. CH. 84. JUNE 15, 1933 . 151 and its approaches, and any interest in real property necessary there- for, by purc hase or by c onde mnat ion or e xpro pria tion, in acc orda nce with, the laws of such State governing the acquisition of private property for public purposes by condemnation or expropriation. If Q• Compensation, e emn at any time after the expiration of five years after the completion tion. of such bridge the same is acquired by condemnation or expropria- tion, the amount of damages or compensation to be allowed shall not include good will, going value, or prospective revenues or profits, but shall be limited to the sum of (1) the actual cost of constructing L imita tion. such bridge and its approaches, less a reasonable deduction for actual depreciation in value ; (2) the actual cost of acquiring such interest in real property ; (3) actual financing and promotion cost, not to exceed 10 per centum of the sum of the cost of constructing the bridge and its approaches and acquiring such interests in real property ; and (4) actual expenditures for necessary improvements. SEC. 3 . If such bridge shall at any time be taken over or acquired Tolls State by the State of Pennsylvania, or by any municipality or other polit- op ical subdivision or public agency thereof, under the provisions of section 2 of this Act, and if tolls are thereafter charged for the use thereof, the rates of toll shall be so adjusted as to provide a fund tes applied g fund, to pay for the reasonable cost of maintaining, repairing, and etc. operating the bridge and its approaches under economical manage- ment and to provide a sinking fund sufficient to amortize the amount paid the refo r, i nclu ding rea sona ble inte rest and fin anci ng c ost, as soon as possible under reasonable charges, but within a period of not Maintenance as free to exceed twenty years from the date of acquiring the same. After bridge,,, iizingcosts , after a sinking 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 maintenance, repair, and operation of the bridge and its approaches under economical management. An accurate record of tnresandrec ip ea x pendl- the amount paid for acquiring the bridge and its approaches, the actual expen ditures for m aintaining, r epairing, and operating the same, and of the daily tolls collected shall be kept and shall be available for the information of all persons interested. SEC. 4. The Farris Engineering Company, its successors and Sworn statement of construction costs, etc ., assign s, shal l, wit hin nin ety day s afte r the c ompleti on of such br idge, to be filed after com- file with the Secretary of War and with the Highway Department pletion. of the State of Pennsylvania, a sworn itemized statement showing the actua l origi nal co st of c onstruc ting t he brid ge and its ap proache s, the actua l cost of acq uiring any int erest in real proper ty nec essary there- for, and the actual financing and promotion costs. The Secretary ~Exa o mration by Bee of War may, and at the request of the Highway Department of the State of Pennsylvania shall, at any time within three years after the com plet ion of s uch brid ge, inve stig ate such cos ts a nd d eter mine 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 reason- able costs of constructing, financing, and promoting such bridge ; for the purpose of such investigation the said Ferris Engineering Com- pany, its su ccesso rs and a ss 'g m ns, shall make available all of its records connection with the construction, financing, and promotion thereof. j The findings of the Secretary of War as to the reasonable costs of conindin of Secretary the construction, financing, and promotion of the bridge shall be conclusive for the purposes mentioned in section 2 of this Act, sub- ect only to review in a court of equity for fraud or gross mistake. SEC. 5. The right to sell, assign, transfer, and mortgage all the ~R to sell, etc ., rights, powers, and privileges conferred by this Act is hereby granted to Far ris Engi neer ing Comp any, its suc cess ors and assi gns
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