Page:United States Statutes at Large Volume 60 Part 1.djvu/917

 PUBLIC LAWS-CHS. 792, 793-AUG. 7, 1946 31 Stat. 1209; 32 Stat. 525. August 7, 1946 [H. R. 6899] [Public Law 638] Bridge. Ohio River. 34 Stat. 84. 33U.S.C.§§491- 498. Acquisition of land, etc. Tolls. Supra. Sinking fund, etc. Record of costs, etc. Columbia", approved March 3, 1901, as amended by the Act approved June 30, 1902 (title 19, sec. 403, D. C . Code, 1940), is amended by striking out the word "two" preceding the word "deputies" in line 17 thereof and inserting in lieu thereof the word "five". Approved August 7, 1946. [CHAPTER 793] AN ACT To authorize the Indiana State Toll Bridge Commission to construct, maintain, and operate a toll bridge, or a free bridge, across the Ohio River at or near Lawrenceburg, Dearborn County, Indiana. 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 pro- vide for the military and other purposes, the Indiana State Toll Bridge Commission be, and is hereby, authorized to construct, main- tain, and operate a bridge and approaches thereto across the Ohio River at a point suitable to the interest of navigation at or near Law- renceburg, Dearborn County, Indiana, in accordance with the pro- visions of the Act entitled "An Act to regulate the construction 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 Indiana State Toll Bridge Commission all such rights and powers to enter upon land 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 railroad 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 Indiana State Toll Bridge Commission is hereby authorized to fix and charge toll for transit over such bridge, and the rate 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 oper- ating 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 possible 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 pro- vided, such bridge shall thereafter be maintained and operated free of toll. An accurate record of the cost of the bridge and its approaches, the expenditures for maintaining, repairing, and oper- ating 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 August 7, 1946. [60 STAT.

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