Page:United States Statutes at Large Volume 60 Part 1.djvu/687

 660 PUBLIC LAWS-CHS. 613, 614-JULY 24, 1946 [CHAPTER 613] [60 STAT. AN ACT July 24,1946 AN ACT [H. R. 6065] Authorizing the Indiana State Toll Bridge Commission to construct, maintain, [Public Law 541] and operate a toll bridge or a free bridge across the Ohio River at or near Cannelton, Indiana. Be it enacted by the Senate and House of Representatives of the Bridge. United States of America in Congress assembled, That in order Ohio River. to promote interstate commerce, improve the postal service, and pro- vide for military and other purposes, the Indiana State Toll Bridge Commission be, and is hereby, authorized to construct, maintain, and operate a bridge and approaches thereto across the Ohio River, at a point suitable to the interests of navigation, at or near Cannelton, Indiana, in accordance with the provisions of the Act entitled "An Act to regulate the construction of bridges over navigable waters", 34 tat. 84. approved March 23, 1906, and subject to the conditions and limita- 33 U. S. C. §§491- 498. S - tions contained in this Act. Acquisition of real SEC. 2. There is hereby conferred upon the Indiana State Toll estate, etc. Bridge Commission 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. ToIb. SEC. 3. The Indiana State Toll Bridge Commission is hereby author- ized either to operate said bridge free of tolls or 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 supra. authority contained in the Act of March 23, 1906. Sinking fund. 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 interest at a rate of not to exceed 5 per centum per annum and reasonable financing cost, as soon as pos- sible, under reasonable charges, but within a period of not to exceed thirty years from the completion thereof. After a sinking fund sufficient for such amortization shall have been so provided, such Records. bridge shall thereafter be maintained and operated free of tolls. An accurate record of the cost of the bridge and its approaches, the expenditures for maintaining, repairing, and operating the same, and the daily tolls collected shall be kept and shall be available for the information of all persons interested. SEC. 5. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved July 24, 1946. July 24, 1946 [H. R. 6222] [Public Law 542] [CHAPTER 614] AN ACT To extend the times for commencing and completing the construction of a bridge across the Calcasieu River at or near Lake Charles, Louisiana. Be it enacted by the Senate and House of Representatives of the Bridge. United States of America in Congress assembled, That the times for CalasiRiver. commencing and completing the construction of a bridge across the

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