Page:United States Statutes at Large Volume 49 Part 1.djvu/1097

 i 10 52 74T H CONGRESS. SESS. I. CH. 833. AUGUST 30, 1935. and the proceedings therefor shall be the same as in the condemnation or expropriation of property for public purposes in such State. Toll char ges. (c) The said D elaware River Joint T oll Bridge Commission of the State of Pennsylvania and the State of New Jersey 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 CVo.34, p 85; U. S. the Secretary of War under the authority contained in the Act of March 23, 1906. Tolls applied to op- eration, sinking fund, (d) In fixing the rates of toll to be charged for the use of such etc. 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 th e bridge and it s approa ches un der econ omical manageme nt, 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 forty years from the completion thereof. Maintenance as free After a sinking fund sufficient for such amortization shall have bridge, iosts. meter amor- 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 tnReo a r°offf impendi- and its approaches under economical management. An accurate record of the cost of the bridge and its 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 persons interested. Potomac River, be- tween Old Town, Md ., and Green Sp ring, W. Va. Construction. Vol. 34, p. 84. Acquisition of ap- proaches, etc. Toll charges. Vol. 34, p. 85. Acquisition au- thorized after comple- tion by either State, etc. POTOMAC RIVER BETWEEN OLD TOWN, MARYLAND, AND GREE N SPR ING, WEST VIRGINIA SEC. 3. (a) That in order to facilitate interstate commerce, improve the postal service, and provide for military and other pur- po ses, M. R. Carpenter, h is heirs, legal represent atives, and assigns, be an d is he reby, a uthorize d to co nstruct, mainta in, and operate a bridg e and a pproach es there to acro ss the P otomac River, a t a poi nt suitable to the interests of navigation, between Old Town, Maryland, and G reen Sp ring, W est Virg inia, i n accord ance wi th the p rovisio ns of the 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. (b) There is hereby confe rred upon M. R. Carpe nter, his hei rs, legal representatives, and assigns, 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, operation, and maintenance 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 the refor, to be as certain ed and p aid acc ording t o the l aws of such State, and the proceedings therefor shall be the same as in the condemnation or expropriation of property for public purposes in such State. (c) The said M. R. Carpenter, his heirs, legal representatives, and assigns, 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 authority contained in the Act of March 23, 1906. (d) After the completion of such bridge, as determined by the Secre tary of War, e ither th e State of Mary land, t he State of Wes t Virginia, any public agency or political subdivision of either of