Page:United States Statutes at Large Volume 52.djvu/720

 52 STAT.] 75TH CONG. , 3n SESS.- CH. 359-JUNE 14. 193S [CHAPTER 359] AN ACT To authorize the Cairo Bridge Commission, or the successors of said commission, to acquire by purchase, and to improve, maintain, and operate a toll bridge across the Mississippi River at or near Cairo, Illinois. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That in order to facilitate interstate commerce, improve the postal service, and more adequately provide for military and other purposes, and to secure to the public the use of the hereinafter described bridge free of tolls as promptly as possible, the Cairo Bridge Commission (hereinafter sometimes called the commission), a body corporate and politic created by an Act of Congress approved April 13, 1934, and its suc- cessors and assigns, be, and are hereby, authorized to acquire by purchase at a price to be approved by the Chief of the Bureau of Public Roads of the Department of Agriculture and thereafter to repair, reconstruct, rebuild, enlarge, renew, or replace in accordance with the provisions of the Act entitled "An Act to regulate the con- struction of bridges over navigable waters", approved March 23, 1906, the existing bridge across the Mississippi River at or near Cairo, Illinois, and the approaches thereto, which was duly con- structed in accordance with the provisions of the Act entitled "An Act granting the consent of Congress to the Cairo Bridge and Terminal Company to construct, maintain, and operate bridges across the Mississippi and Ohio Rivers at Cairo, Illinois", approved April 2, 1926, and to maintain and operate said existing bridge subject to the conditions and limitations contained in this Act. SEC. 2. The commission and its successors and assigns are hereby authorized to fix and charge tolls for transit over said bridge in accordance with the provisions of this Act. SEC. 3. The commission is hereby authorized to provide for the payment of the cost of said bridge and its approaches and the neces- sary lands, easements, and appurtenances thereto by an issue or issues of negotiable bonds of the commission. The details of such bonds, their form and manner of execution, and the sale and issuance of such bonds shall be governed by the provisions of section 4 of said Act approved April 13, 1934, and such bonds and any premium to be paid for retirement thereof before maturity shall be payable solely from the sinking fund provided in accordance with this Act, and such bonds may be secured by a trust agreement as provided in said section 4 of said Act of April 13, 1934. The cost of the bridge shall include the purchase price, the cost of repairs, reconstruction, or enlargement if such repairs, reconstruction, or enlargement are ordered prior to the sale of any bonds, for the acquisition of the bridge, financing charges, interest during any period of disuse before completion of repairs, reconstruction, or enlargement, cost of traffic estimates and of engineering and legal expenses, administrative expenses and such other expenses as may be incident to such acqui- sition and to the financing herein authorized. SEC. 4. In fixing the rates of toll to be charged for the use of said bridge the same shall be so adjusted as to provide a fund sufficient to pay for the reasonable cost of maintaining, repairing, and oper- ating the bridge and its approaches under economical management and to provide a sinking fund sufficient to pay the principal and interest of such bonds as the same shall fall due and the redemption or repurchase price of all or any thereof redeemed or repurchased before maturity as herein provided. All tolls and other revenues from said bridge are hereby pledged to such uses and to the applica- tion thereof as in this Act required. June 14, 1938 [H. R. 9287] [Public, No. 601] Mississippi River. Cairo Bridge Com- mission, purchase and improvement of toll bridge authorized, at Cairo, Ill. 48 Stat. 577. 34 Stat. 84. 33U.S.C.§§491- 498. 44 Stat. 231. Operation and maintenance. Tolls authorized. Bond issue to cover costs, etc. Details, form, etc., of bonds. 48 Stat. 578. Security. Items Included in cost. Application of tolls to maintenance, sink- ing fund, etc. 679

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