1096
SEVENTY-FIRST C ONGRESS . SESS . III. Cii . 129 . 1931 . - Condemnation pro - just compensation therefor, to be ascertained and paid according to ceedings. the laws of such State, and the proceedings therefor shall be the same as in the condemnation or expropriation of property for public purpo ses in such Stat e . Tolls authorized .
SEC . 3 . The said H . C . Brenner Realty and Finance Corporation, its successors and assigns, is hereby authorized to fix and charge t olls for tr ansit over such bridge , and the r ates of toll so fixed s hall Vol.34,p.85.
be the legal rates until changed by the Secretary of War under the authority contained in the Act of March 23, 1906 . by Acquisition author- SEC. 4 . After the completion of such bridge, as determined by the after Nlissour r Illinois, ~na is, Secretary of War, either the State of Missouri, the State of Illinois, by etc . any public agency or political subdivision of either of such States, within or adjoining which any part of such bridge is located, or any two or more of them jointly, may at any time acquire and take over all right, title, and interest in such bridge and its approaches, and any interest in real property necessary therefor, by purchase or by conde mnatio n or expro priati on, i n acc ordanc e wit h the laws of ei ther Compens ation, if ac- of such States governing the acquisition of private property for qu o ned by condemns- public purposes by condemnation or expropriation . If a t an y t im e after the expiration of twenty years after the completion of such bridge the same is acquired by condemnation or expropriation, the am ount of damages or compensation to be allowed shall not include g ood w ill, going value , or prospe ctive reven ues o r pro fits b ut sh all Li mitat ion . be limited to the sum of (1) the actual cost of constructing such br idge and its approaches, less a reasonable deduction for actual depreciation in value ; (2) the actual cost of acquiring such interests in real property ; (3) actual financing and promotion costs, not to exceed 10 per centum of the sum of the cost of constructing the b ridge and its ap proac hes a nd acq uirin g such inte rests in re al pr op- To lls u nder s tate, e r ty ; and (4) actual expenditures for necessary improvements . etc ., ope rat ion . SEC . 5 . If such bridge shall at any time be taken over or acquired by the States or public agencies or political subdivisions thereof, or by either of them, as provided in section 4 of this Act, and if tolls are Rates a pplied to op- thereafter charged for the use thereof, the rates of toll shall be so eration, sinking fund, etc
adjusted as to provide a fund sufficient to pay for the reasonable cost . of maintaining, repairing, and operating the bridge and its approaches under economical management, and to provide a sinking fund sufficient to amortize the amount paid therefor, including re asonable interest and financing cost, as soon as possible under reasonable charges, but within a period of not to exceed twenty years Maintenance as free from the date of acquiring tizing costs
the same . After a sinking fund sufficient b adg e, ete , after amor- for such amortization shall have been so provided, such bridge shall . thereafter be maintained and operated free of tolls, or the rates of toll shall thereafter be so adjusted as to provide a fund of not to exceed the amount necessary for the proper maintenance, repair, and operation of the bridge and its approaches under economical manage- ment . An accurate record of the amount paid for acquiring the turres°a d rceipttsenai- bride and its approaches, the actual expenditures for maintaining, repairing, and operating the same, and of the daily tolls collected s hall be kep t and shall be availab le for the information of all pers ons i nterested . Sworn statement of SEC . 6 . The H. C . Brenner Realty and Finance Corporation, its co nstruc tion a fter a to be
m- successors and assigns, shall within ninety days after the completion Sled after co p leti on- of such bridge file with the Secretary of War and with the highway departments of the States of Missouri and Illinois a sworn itemized statement showing the actual original cost of constructing the bridge and its approaches, the actual cost of acquiring any interest in real property necessary therefor, and the actual financing and promotion
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