Page:United States Statutes at Large Volume 80 Part 1.djvu/1443

 80

STAT.]

PUBLIC LAW 89-789-NOV. 7, 1966

1407

said cities have adopted instruments authorizing construction of said bridges and by such instruments provided for the financing of the same under the applicable State statutes, including the transfer of surpluses to said cities for a proper public purpose, then each such city may, prior to January 1, 1969, charge tolls in the manner and to the extent provided in such instruments, and all collections from such bridges heretofore retained or transferred to said cities shall be valid collections, and may be retained by said cities and used and applied for a proper purpose. An accurate record of the cost of each such bridge and the approaches thereto, the expenditures for maintaining, operating, and repairing the same, including amounts transferred to the cities in accordance with the terms of any instrument adopted by said cities for financing the cost of the bridge and the daily tolls collected, shall be kept and shall be available for the information of all persons int^ested. SEC. 106. (a) The consent and approval of Congress is given to J"^'^®'^*^°™' the compact between the States of Missouri and Illinois creating a consent of Missouri-Illinois-Jefferson-Monroe Bridge Commission which reads congress. as follows: "COMPACT B E T W E E N I L L I N O I S A N D M I S S O U K I C R E ATING A MISSOURI-ILLINOIS-JEFFERSON-MONROE BRIDGE COMMISSION "ARTICLE

I

"There is hereby created a Missouri-Illinois-Jefferson-Monroe Bridge Commission (hereinafter referred to as the commission) which shall be a body corporate and politic and which shall have the following powers and duties; " 1. To plan, construct, maintain and operate a bridge and approaches thereto across the Mississippi River at or near Crystal City, Missouri, at a point deemed by the commission as most suitable to the interests of the citizens of the States of Illinois and Missouri in accordance with the provisions of an act of the Seventy-ninth Congress, Second Session, of the United States entitled 'The General Bridge Act of 1946'; .... "2. To purchase, maintain and, in its discretion, to operate all or any ferries across the Mississippi River within twenty-five miles of the site selected for the bridge; "3. To contract, to sue and be sued in its own name; to purchase or otherwise acquire, hold and dispose of real and personal property; "4. To acquire by proper condemnation proceedings such real property as may be necessary for the construction and operation of the bridge and the approaches thereto; "5. To issue bonds on the security of the revenue derived from the operation of the bridge and ferries for the payment of the cost of the bridge, its approaches, ferry or ferries, and the necessary lands, easements and appurtenances thereto including interest during construction and all necessary engineering, legal, architectural, traffic surveying and other necessary expenses. Such bonds shall be the negotiable bonds of the commission, the income of which shall be tax free. The principal and interest of the bonds, and any premiums to be paid for their retirement before maturity, shall be paid solely from the revenues derived from the bridge and ferries; "6. To establish and charge tolls for transit over such bridge and ferries in accordance with the provisions of this compact; "7. To perform all other necessary and incidental functions.

eo Stat. 847.

33 USC 525 note.

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