Page:United States Statutes at Large Volume 52.djvu/721

 PUBLIC LAWS-CHS. 359, 360-JUNE 14, 1938 Provisions appli- cable as to financing. Conveyance of in- terests to Missouri and Illinois after pay- ment of bonds, etc. Operation by Com- mission if either State fails to accept. Dissolution of Com- mission upon convey- ance. 48 Stat. 577. Amendment, etc. June 14, 1938 [H. R. 9975] [Public, No. 602] Lake Sabine. Time extended for bridging, at Port Ar- thur, Tex. 48 stat. 1008; 49 Stat. 1196; 60 Stat. 630. Amendment. SEC. 5. All of the provisions of sections 4 and 5 of said Act of April 13, 1934, relating to the bridge to be constructed, to the bonds to be issued and to the trust agreement to be entered into under the authority of said Act, and relating to the collection of bridge tolls and to the application of such tolls, shall apply to the bridge to be acquired and to the bonds to be issued under the authority of this Act. SEC. 6. After payment of the bonds issued under this Act and inter- est thereon, or after a sinking fund sufficient for such payment shall have been provided and shall be held for that purpose, the commis- sion shall deliver deeds or other suitable instruments for the con- veyance of the interests of the commission in and to the bridge, that part within the State of Missouri to the State of Missouri or any municipality or agency thereof as may be authorized by or pursuant to law to accept the same (hereinafter referred to as the Missouri interests) and that part within Illinois to the State of Illinois or any municipality or agency thereof as may be authorized by or pursuant to law to accept the same (hereinafter referred to as the Illinois interests), under the conditions that the bridge shall thereafter be free of tolls and be properly maintained, operated, and repaired by Missouri interests and the Illinois interests, as may be agreed upon; but if either the Missouri or the Illinois interests shall not be authorized to accept and shall not accept the same under such conditions, then the bridge shall continue to be owned, maintained, operated, and repaired by the commission, and the rates of toll shall be so adjusted as to provide a fund not to exceed the amount neces- sary for the proper maintenance, repair, and operation of the bridge and its approaches under economical management until such time as both the Missouri interests and the Illinois interests should be authorized to accept and shall accept such conveyance under such conditions. The commission shall not be dissolved until it shall have conveyed all property owned by it in accordance with the pro- visions of this Act and the Act of April 13, 1934, and thereupon the commission shall be dissolved in the manner provided by said Act of April 13, 1934. SEC. 7. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, June 14, 1938. [CHAPTER 360] AN ACT To extend the times for commencing and completing the construction of a bridge over Lake Sabine at or near Port Arthur, Texas. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the times for commencing and completing the construction of a bridge over Lake Sabine, at or near Port Arthur, Texas, authorized to be built by the city of Port Arthur, Texas, or the Port Arthur Bridge Commission and its successors, by an Act of Congress approved June 18, 1934 (48 Stat. 1008), and heretofore amended and extended by Acts of Congress approved April 10, 1936, and August 12, 1937, are hereby further extended one and three years, respectively, from August 12, 1938. SEC. 2. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, June 14, 1938. [52 STAT.

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