Page:United States Statutes at Large Volume 49 Part 1.djvu/787

 '7 42 74T.a CONGRESS. SESS. I. CIA. 625 . A UGUST 23, 1935 . Agre emen t-Co ntd. when ratified by it without the consent of Congress to cooperate for the purposes enumerated in th is agreement and in the manner herein provided. ARTICLE XXXIII Notwithstanding anything in article 22 and all subsequent articles hereof, this agreement shall not authorize such Commission to do any act or thing which shall violate the rights of the holders of bonds issued by it prior to the 1st day of March 1933, and the provisions hereof relating to any and all rights and remedies of the holders of bonds issued under the provisions of article 26 and subsequent articles of this agreement shall not be co nstrued to violate or to authorize the violation of any of the rights of the holders of bonds issued prior to said date. ARTICLE XXXIV The States of New York and Vermont do hereby pledge them- selves and it is hereby agreed with those subscribing to the bonds issued by such Commission pursuant to article 26, and subsequent articles hereof, that the States will not authorize the construction or maintenance of any other highway crossing for vehicular traffic over Lake Champlain between the two States in competition with Rouses Point Bridge, nor will it limit or alter any rights vested in such Commission to establish and levy such tolls as it may deem convenient and necessary to produce sufficient revenue to meet the expense and operation of such bridge and the bridge heretofore constructed by such Commission, and to fulfill the terms of the ob ligations assumed by such Comm ission in relation to such bridges until the said bonds with interest thereon are fully met and discharged : Provided, That such crossing shall be construed as competitive with Rouses Point Bridge only if it shall form a highway connection for vehicular traff ic between the two States across L ake Champlain north of the exi sting bridge here- tofore constructed by such Commission. The provisions of this article shall constitute an agreement between the two States for the benefit of those holding the bonds of such Commission and such Commission may include in bonds issued by it such part of this agreement as shall seem proper as evidence of the foregoing agreement made by the two States with the holders of the said bonds. ARTICLE XXXV The State of New York and the State of Vermont hereby con- sent to the use and occupation of any lands of such States, respec- tively, if any, lying under the waters of Lake Champlain necessary for the construction and maintenance of Rouses Point Bridge. In witnes s whereof, we have signed thi s compact or agreement, in duplicate, by and under the authority of chapter 201 of the Laws of 1933, as amended by chapter 355 of the Laws of 1935 of the State of Ne w York, and by and under the a uthority of an act passed by the G eneral Assembly of the State o f Vermont entitled "An act authorizing an agreement or compact between the State of Vermont and the Stat e of New York to amend the existing agreement or compact bet ween sai d Sta tes crea ting the Lake Champlain Bridg e Commission, in relation to t he construction of a new bridge across Lake Champlain, the issuance of bonds by sa id C ommis sion, and provi ding for t he pa ymen t of said bonds ',