Page:United States Statutes at Large Volume 52.djvu/235

 194 PUBLIC LAWS-CH. 64-APR. 4, 1938 [52 STAT. [CHAPTER 64] AN ACT April 4, 1938 [H. R .72661 Authorizing the State of Rhode Island, acting by and through the Jamestown [Public, No. 460] Bridge Commission as an agency of the State, to construct, maintain, and oper- ate a toll bridge across the west passage of Narragansett Bay between the towns of Jamestown and North Kingstown. Be it enacted by the Senate and Bouse of Representatives of the Narraganstt Bay, United States of America in Congress assembled, That in order to Rhode Island may promote interstate commerce, improve the postal service, and provide North' Kimgst to for military and other purposes, the State of Rhode Island, acting by and through the Jamestown Bridge Commission or the successors of said Commission, as an agency of the State, be, and is hereby, authorized to construct, maintain, and operate a bridge and approaches thereto across the west passage of Narragansett Bay, at a point suit- able to the interests of navigation, between the towns of Jamestown and North Kingstown, in accordance with the provisions of the Act entitled "An Act to regulate the construction of bridges over navi- 33 USt. a. 491- gable waters", approved March 23, 1906, and subject to the conditions 498. and limitations contained in this Act. Tollcharges. SE. 2. The State of Rhode Island, acting by and through the Jamestown Bridge Commission or the successors of said Commission, as an agency of the State, 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. tOApplication oells SEC. 3. In fixing the rates of toll to be charged for the use of such ingfund, etc. bridge the same shall be so adjusted as to provide a fund sufficient, with other funds available for the purpose, if any, to pay for the reasonable cost of maintaining, repairing, and operating the bridge and its approaches under economical management, and to provide a sinking fund sufficient to amortize the cost of such bridge and its approaches, including reasonable interest and financing cost, as soon as possible, under reasonable charges, but within a period of not to Continuation, until exceed forty years from the completion thereof. In the event bridge- retirement, if bonds d. revenue bonds are issued to provide funds for the construction of such bridge, such tolls may be continued and adjusted at such rates as may be necessary to pay such bonds with interest thereon and any lawful premium for the retirement thereof before maturity, subject only to the power of the Secretary of War or other authorized Federal authority to regulate such rates. Maintenance as free SEC. 4. After a sinking fiud sufficient to amortize the cost of such ing costs, etc. bridge or sufficient to pay the principal and interest on bonds issued for the purpose of financing such bridge shall have been provided to the extent hereinbefore required, such bridge shall thereafter be main- tained and operated free of tolls. ecord of expend.i - SEC . 5. An accurate record of the cost of the bridge and its approaches; the expenditures for maintaining, repairing, and oper- ating the same; and of the daily tolls collected shall be kept and shall be available for the information of all persons interested. Amendment. SEC. 6. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, April 4, 1938.

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