Page:United States Statutes at Large Volume 54 Part 1.djvu/291

 54 STAT.] 76TH CONG. , 3D SESS.-CHS. 287, 288 -JUNE 8, 1940 SEC. 5. The right to assign the powers and privileges conferred by this Act by mortgage for the purpose of financing the construction of such bridge is hereby granted to the county of Knox, State of Nebraska, and any person or corporation who shall acquire the same by mortgage foreclosure is hereby authorized and empowered to exercise the rights, powers, and privileges herein granted, to the same extent and as fully as though conferred directly upon such person or corporation, until such time as there shall have been recov- ered through the toll system an amount equal to the purchase price of such bridge and its approaches together with annual interest on the unpaid amount of such purchase price and the annual costs of maintenance, repair, and operation of such bridge during such period. Such bridge shall thereafter revert to and be maintained and operated by the county of Knox, State of Nebraska, free of tolls. SEe. 6 . The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, June 8, 1940. [CHAPTER 288] AN ACT To authorize the county of Burt, State of Nebraska, to construct, maintain, and operate a toll bridge across the Missouri River at or near Decatur, Nebraska. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That in order to promote interstate commerce, improve the postal service, and provide for military and other purposes, the county of Burt, State of Nebraska, be, and it is hereby, authorized to construct, maintain, and operate a bridge and approaches thereto across the Missouri River at a point suitable to the interests of navigation at or near Decatur, Nebraska, and to a place at or near Onawa, Iowa, in accordance with the provisions of the Act entitled "An Act to regulate the construc- tion of bridges over navigable waters", approved March 23, 1906, and subject to the conditions and limitations contained in this Act. SEC. 2. There is hereby conferred upon the said county of Burt, State of Nebraska, all such rights and powers to enter upon lands and to acquire, condemn, occupy, possess, and use real estate and other property needed for the location, construction, maintenance, and operation of such bridge and its approaches as are possessed by rail- road corporations for railroad purposes, or by bridge corporations for bridge purposes, in the State in which such real estate or other property is situated 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. SEC. 3. The said county of Burt, State of Nebraska, 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. SEC. 4. In fixing the rates of toll to be charged for the use of such bridge, the same shall be so adjusted as to provide a fund sufficient to pay for the reasonable cost of maintaining, repairing, and operat- ing 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 financ- ing cost, as soon as possible, under reasonable charges, but within a period of not to exceed twenty years from the completion thereof. 193470°-41-PT. --- 17 257 Assignment of pow- ers and privileges. Rights of persons, etc., acquiring such powers and privileges. Reversion of bridge to Knox County. Amendment, etc. June 8, 1940 [H. R. 8589] [Public, No. 577] Missouri River. Bridge authorized across, at Decatur, Nebr., and Onawa, Iowa. 34 Stat. 84. 33 U. S. C. §§491- 498. Right to acquire real estate. etc. Toll charges. Application of tolls to operation, sinking fund, etc.

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