Page:United States Statutes at Large Volume 80 Part 1.djvu/1444

 1408

PUBLIC LAW 89-789-NOV. 7, 1966

[80 STAT.

"ARTICLE II

"The rates of tolls to be charged for transit over such bridge and ferries shall be so adjusted as to provide a fund sufficient to pay for the reasonable cost of maintenance, repairs and operation (including the approaches to the bridge) under economical management, and also to provide a sinking fund sufficient to pay the principal and interest of the outstanding bonds. All tolls and other revenues derived from facilities of the commission are hereby pledged to such uses. "ARTICLE III

"The commission shall keep an accurate record of the cost of the bridge and of other expenses and of the daily revenues collected and shall report annually to the governor of each state setting forth in detail the operations and transactions conducted by it pursuant to this agreement and any legislation thereunder. "ARTICLE

IV

"When the bonds have been retired, the part of the bridge within the state of Illinois shall be conveyed to the state of Illinois, and that part within the state of Missouri to the state of Missouri, and the high contracting parties to this compact do hereby agree that thereafter the bridge shall be free of tolls and shall be properly maintained, operated and repaired by the two states as may be agreed upon. "ARTICLE

V

"The commission shall consist of ten members, five of whom shall be qualified electors of the state of Illinois and shall reside in Monroe County^ or counties adjacent thereto, Illinois, and five of whom shall be qualified electors of the state of Missouri and shall reside in Jefferson County, or counties adjacent thereto, Missouri. The Illinois members are to be chosen by the state of Illinois, and the Missouri members by the state of Missouri in the manner and for the terms fixed by the legislature of each state, except as herein provided. "ARTICLE

VI

" 1. The commission shall elect from its number a chairman and a vice-chairman, and may appoint such officers and employees as it may require for the performance of its duties and shall fix and determine their qualifications and duties. "2. Until otherwise determined by the legislatures of the two states no action of the commission shall be binding unless taken at a meeting at which at least three members from each state are present and unless a majority of the members from each state present at such meeting shall vote in favor thereof. Each state reserves the right hereafter to provide by law for the exercise of the veto power by the governor thereof over any action of any commissioner appointed therefrom. "3. The two states shall provide penalties for violations of any order, rule or regulation of the commission, and for the manner of enforcing same. "ARTICLE

VII

"The commission is authorized and directed to proceed with the planning and construction of the bridge and the approaches thereto as rapidly as may be economically practicable and is hereby vested

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