Page:United States Statutes at Large Volume 48 Part 1.djvu/800

 774 73d C ONGRESS. SESS. II. CH. 281 . MAY 11, 1934 . [CHAPTER 281 .1 AN ACT May 11, 1934. [S .30991 Authorizing the City of Wheeling, a municipal corporation, to construct, main- [Public, No. 220 .1 tain, and operate a bridge ac ross the Ohio River, at W heeling, Wes t Virginia. Be it enacted by the Senate and House o f Representatives o f the Oh io River. Uni ted S tates of Am erica in Co ngres s ass embled , That in order to Wheeling, W .Va., may bridge. promote interstate commerce, improve the postage service, and to provide for military and other purposes, the City of Wheeling, a municipal corporation of West Virginia, is hereby authorized to construct, maintain, and operate a bridge and approaches thereto across the Ohio River, at a point suitable to the interests of navi- Vol.34,p. 84on5t rnetion .' gation, in Wheeling, West Virginia, in accordance with the provi- sions of the Act entitl ed "An ct to regulate the construction of bridges over navigable waters ", approved March 23, 1906, and subject 2 . The said municipality of Wheeling may charge toll for sinking'fund op n ation, the use of said bridge, which rates of toll may be so adjusted as to provide a fund sufficient to pay (a) the reasonable cost of mainte- nance, repair, and operation of the said bridge and its approaches and (b) the amortization within a reasonable time and not exceed- ing twenty-five years from the date that the bridge is opened to traffic, and under reasonable condition of any loan or loans includ- ing reasonable interest, taxes, and financing charges made, or to be made in connection with the construction of said bridge and its approaches. Recor d of exp endi- SEC. 3. An accurate record of the cost of the bridge and its tares and rece ipts. approaches and of all expenditures for maintaining, repairing, and operating the same, and of the tolls collected from time to time shall be kept and shall at all reasonable times be available for the infor- mation of all persons interested in the construction, operation, and maintenance thereof. eo Ri eghta to sell, etc ., SEC. 4. The right to sell, assign, transfer, mortgage, or pledge any or all of the rights, powers, and privileges conferred by this Act is hereby granted to the said City of Wheeling or any corpora- tion to which, or any person to whom, such rights, powers, and privileges may be sold, assigned, or transferred, or who shall acquire the same through mortgage, pledge, foreclosure, or otherwise, including therein the United States of America acting by or through the President, the Federal Emergency Administrator of Publi c Works, such other agency or agencies as may be designated or crea ted for such pur pose pur suan t to the Nat iona l In dust rial Rec ov- ery Act or any other amendment or supplement thereto, or any other agency or agencies as may be created for such purpose by the Con- gress of the United States, and such person or corporation is hereby auth oriz ed a nd e mpow ered to exer cise all of the righ ts, powe rs, and privileges conferred upon the City of Wheeling as fully as though conferred herein directly upon such corporation or person. Maintenance as free SEC. 5 . Whenever a sum sufficient to amortize and off the bridge after amortizing pay costs. amount of money used in building and constructing said bridge shall have been collected, the City of Wheeling shall declare said bridge free and open to the use of the general public without the imposition of any further tolls or charges for the use of said bridge. Am endment. SEC. 6 . The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, May 11, 1934.