Page:United States Statutes at Large Volume 54 Part 1.djvu/1257

 54 STAT.] 76TH CONG. , 3D SESS.-CHS. 929, 930-DEC. 16, 1940 (b) There is hereby conferred upon the State of Michigan and The International Bridge Authority of Michigan, or the successors to said authority, all such rights and powers to enter upon lands and to acquire, condemn, occupy, possess, and use real estate and other property in the State of Michigan needed for the location, construc- tion, operation, and maintenance of such bridge, or series of bridges, causeways, and approaches thereto, as are possessed by railroad cor- porations for railroad purposes or by bridge corporations, or bridge authorities, or the State of Michigan, for bridge purposes in the State of Michigan, upon making just compensation therefor to be ascertained and paid according to the laws of such State, and the proceedings therefor shall be the same as in the condemnation or expropriation of property for public purposes in such State. (c) The State of Michigan, acting through The International Bridge Authority of Michigan, or the successors to said authority, is hereby authorized to fix and charge tolls for transit over such bridge, or series of bridges, causeways, and approaches thereto, and the rates of toll shall be so fixed and adjusted as to provide a fund sufficient to pay the reasonable cost of maintaining, repairing, and operating such bridge, or series of bridges, causeways, and approaches thereto, and to provide a sinking fund sufficient to amortize the cost of such bridge, or series of bridges, causeways, and approaches thereto, including rea- sonable interest and financing cost, as soon as possible under reasonable charges, but within a period of not to exceed forty years from the completion thereof. After a sinking fund sufficient for such amor- tization shall have been so provided, such bridge, or series of bridges, causeways, and approaches thereto, shall thereafter be maintained and operated free of tolls. An accurate record of the cost of such bridge, or series of bridges, causeways, and approaches thereto, the expenditures for maintaining, repairing, and operating the same, and of the daily tolls collected shall be kept and shall be available for the information of all persons interested. SEC. 2. That the right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, December 16, 1940. [CHAPTER 930]N ACT AN ACT To legalize the construction by the State Highway Board of Georgia of a free highway bridge across the Withlacoochee River, between Valdosta, Georgia, and Madison, Florida, at Horns Ferry. Be it enacted by the Senate and Bouse of Representatives of the United States of America in Congress assembled, That the consent of Congress is hereby granted to the State Highway Board of Georgia to complete construction, in accordance with plans accepted by the Chief of Engineers and the Secretary of War, of a free highway bridge and approaches thereto across the Withlacoochee River, between Valdosta, Georgia, and Madison, Florida, at Horns Ferry, and to maintain and operate said bridge as a lawful structure subject to the provisions of the Act entitled "An Act to regulate the con- struction of bridges over navigable waters", approved March 23, 1906. SEC. 2. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, December 16, 1940. 1223 Right to acquire real estate, etc. Toll charges. Application of tolls to operation, sinking fund, etc. Maintenance as free bridge after amor- tizing costs, etc. Record of expendi- tures and receipts. Rizht reserved. December It, 1940 [S. 41351 - [Public, No. 890i Withlacoochee River. Bridge across, be- tween Valdosta, Ga., and Madison, Fla., legalized. 34 Stat. 84 . 33U.S.C.II491- 498. Right reserved.

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