Page:United States Statutes at Large Volume 70.djvu/730

 674 Vacancy.

Bond.

Compensation, expenses, etc.

Personnel.

Dissolution.

Contracts.

PUBLIC LAW 811-JULY 26, 1956

[70

ST A T.

^ig appointment. Any vacancy in said commission, other than of members to be designated by the highway departments of Iowa and Illinois, occurring by reason of failure to qualify as above provided, or by reason of death, expiration of term, or resignation, shall be filled by two-thirds majority vote of the remaining members of the commission or by the Iowa State Highway Commission in the event the remaining members of the bridge commission are unable to agree upon such appointment within a period of ninety days from the date the vacancy occurred. Before the issuance of bonds as hereinabove provided, each member of the commission shall give bond in the sum of $10,000: Provided, That the chairman, and the secretary and the treasurer if they are members of the commission, shall give bond of $25,000 each conditioned upon the faithful performance of all duties required by this Act; the cost of such surety prior to and during the acquisition of the existing bridge or the reconstruction or the construction of a bridge shall be paid or reimbursed from the bond proceeds and thereafter such costs shall be deemed an operating expense. Bonds of the commission members shall be filed with the secretary of the commission. The commission shall annually elect from its members a chairman and a vice chairman, who shall each serve until his successor is elected, and may establish rules and regulations for the government of its own business. A majority of the members shall constitute a quorum for the transaction of business. SEC. 9, The commission shall have no capital stock or shares of interest or participation, and all revenues and receipts thereof shall be applied to the purposes specified in this Act. The members of the commission shall be entitled to a per diem compensation for their services of $20 for each day actually spent in the business of the commission, but the maximum per diem compensation of the chairman in any one year shall not exceed $3,000, and the maximum annual per diem compensation of each other member shall not exceed $2,000. The members of the commission shall also be entitled to receive traveling expense allowance of 10 cents a mile for each mile actually traveled on the business of the commission. The commission shall employ a secretary and may employ a treasurer, engineers, attorneys, and other such experts, assistants, and employees as they may deem necessary, who shall be entitled to receive such reasonable compensation as the commission may determine. All salaries and expenses shall be paid solely from the funds provided under the authority of this Act. After all bonds and interest thereon shall have been paid and all other obligations of the commission paid or discharged, or provision for all such payment shall have been made as hereinbefore provided, and after the bridge or bridges shall have been conveyed to the Iowa interests, and the Illinois interests, as herein provided, or otherwise disposed of as provided herein the commission shall be dissolved and shall cease to have further existence by an order of the United States District Court for the Southern District of Iowa made upon application of the commission or upon application of any other party in interest, but only after a public hearing in the city of Muscatine, Iowa, notice of the time and place of which hearing and the purpose thereof shall have been published once, at least thirty days before the (late thereof, in a newspaper published in the city of Muscatine, Iowa. At the time of dissolution all money in the hands of or to the credit of the commission shall be divided into equal parts, one of which shall be paid to said Iowa interests and the other to said Illinois interests, or to any other interest to which the bridge or bridges is conveyed. SEC. 10. Notwithstanding any of the provisions of this Act, the commission shall have full power and authority to negotiate and enter into a contract or contracts with the State Highway Commission of

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