Page:United States Statutes at Large Volume 49 Part 1.djvu/783

 738 74TH CONGRESS. SESS. I. CH. 625 . AUGUST 23, 1935. A greement-Contd. for such construction, and to lease the right to construct and/or use such facilities on such terms and for such considerations as it shall determine : Provided, however, That no lease shall be made for a period of more than ten years from the date w hen it is made. 10 . Subject to limitations imposed by any Federal authorities and by any agreement made or to be made with bondholders, to make rules and regulations for the use of Rouses Poi nt Bridge and the bridge heretofore constructed by it. This subdivision shall super- sede the provisions of article 9 hereof. 11 . To do all things necessary or convenient to carry out the powers expressly given in this agreement. ARTI CLE X XIV The said Commission may make agreements with bondholders as to the deposit of its funds, and the security to be required there- for, and as to the withdrawal and disbursement thereof. Subject to s uch a greem ents, the Commi ssion shal l pro vide for d eposi t of its funds, security to be required therefor and the withdrawal and disbursement thereof, and if required by the Commission its de- posits shall be secured and all banks and trust companies are hereby authorized to give such security for such deposits . AR TicLE XXV The construction of Rouses Point Bridge shall be by contract or several contracts made and executed in the same manner as provided in article 19 hereof for the contract for the construction of the bridge heretofore constructed by the Commission . The approaches may in the discretion of the Commission be constructed by its own employees. ARTI CLE X XVI 1 . Such Commission shall have power and is hereby authorized from time to time to issue its negotiable bonds, in addition to those issued prior to the 1st day of March 1933, for any corpo- rate purpose in the aggregate principal amount of not exceeding $1,000,0 00 . 2. Said bonds shall be authorized by resolution of such Commis- sion and shall bear such date or dates, mature at such time or times, not exceeding fifty years from their respective dates, bear interest at such rate or rates, not exceeding 5 per centum per annum payable semiannually, be in such denomina tions, be in such form, either coupon or registered, carry such registration privi- leges, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption, not exceeding par and accrued interest, as such reso- lution or resolutions may provide. Said bonds may be sold at public or private sale for such price or prices as such Commission shall determine : P ro vi de d, That the interest cost to m aturity of the money received for any issue of said bonds shall not exceed 5 per c entum per annum. 3. Any r esolution or resolutions authorizing any of said bonds may contain provisions, which shall be a part of the contract with the holders of said bonds as to- (a) Pledging the tolls and revenues from the Rouses Point Bridge and, subject to the terms of any agreement with the holders of bonds issued by such Commission before the 1st day of March 1933 (whether contained in this agreement or in the bonds or in proceedings for the issuance of the bonds or other-