Page:United States Statutes at Large Volume 76.djvu/789

 76

STAT.]

PUBLIC LAW 87-744-OCT. 3, 1962

741

Public Law 87-744 AN ACT To amend the Act 'of July 13, 1946, to authorize the construction, maintenance, and operation of certain additional toll bridges over or across the Delaware River and Bay.

October 3, 1962 [H. R. 12818]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That sections 3, 4, Delaware River and 5 of the Act entitled "An Act to authorize the State of Delaware, ^"Ad^^uonai ton by and through its State highway department, to construct, maintain, bridges. and operate a toll bridge across the Delaware River near Wilmington, Delaware", approved July 13, 1946 (60 Stat. 533), are hereby amended to read as follows: "SEC. 3. The Delaware River and Bay Authority or its successor is Delaware River hereby authorized to fix and charge tolls for transit over such bridge, ^^j^ char^^J*"***^' and the rates of toll so fixed shall be the legal rates until changed by the Secretary of the Army under the authority of the General Bridge Act of 1946.

60 Stat. 847.

"SEC. 4. The Delaware River and Bay Authority or its successor note."^^ ^^^ in fixing the rates of toll to be charged for the use of such bridge and in fixing the rates of toll to be charged for the use of each additional bridge over or across the Delaware River and Bay operated under the authority conferred in section 5 of this Act, shall from time to time adjust them, together with the rates of tolls and other charges made for the use of any other toll crossings under, over, along, or across the Delaware River and Bay between the States of Delaware and New Jersey, which it may be operating so as to provide a fund sufficient— "(1) to pay the reasonable cost of maintaining, repairing, improving, and operating said bridge and such other toll crossings and the approaches thereto under economical management; ''(2) to pay the cost of constructing, reconstructing, or improving all toll crossings operated by the Delaware River and Bay Authority; "(3) to pay the principal of and the interest upon bonds issued for the cost of said bridge and toll crossings, including bonds issued to refund such bonds at or prior to maturity and financing costs; and "(4) to provide constructing, operating, improving, repairing, maintenance, and debt service reserve funds of such character and amount as the Delaware River and Bay Authority or its successors shall determine to be necessary to insure the proper construction, operation, maintenance, repair, and improvement of the bridge and other toll crossings, and to protect the holders of bonds issued to finance the cost of said bridge and other toll crossings. "SEC. 5. The Delaware River and Bay Authority, or its successor, construction, is hereby authorized to construct, maintain, and operate additional ^jfeIt^^*^*' ^^^ toll bridges over or across the Delaware River and Bay between the States of Delaware and New Jersey in accordance with the provisions of the General Bridge Act of 1946, except that the fixing, changing, and adjusting of rates of toll and the duration of toll charges for use of said additional bridges shall not be subject to the provisions of section 506 of the said General Bridge Act of 1946. I n addition to 62 Stat. 267. the powers granted to the Delaware River and Bay Authority by the ^^ "^c 529. laws of the States of Delaware and New Jersey there is hereby conferred upon said authority, or its successor all such rights and powers to enter upon land and acquire, condemn, occupy, possess, and use real

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