Volume 45
Public Law 70–639
Authorizing the State highway commission, Commonwealth of Kentucky, to construct, maintain, and operate a bridge across the Cumberland River at or near Center Point in Monroe County, Kentucky.
Approved May 18, 1928
Statutory text
An Act
Authorizing the State highway commission, Commonwealth of Kentucky, to construct, maintain, and operate a bridge across the Cumberland River at or near Center Point in Monroe County, Kentucky.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the consent
Cumberland River.
Kentucky may bridge, at Center Point.
of Congress is hereby granted to the State highway commission, Commonwealth of Kentucky, to construct, maintain, and operate a bridge and approaches thereto across the Cumberland River, at a point suitable to the interests of navigation, at or near Center Point, Monroe County, Kentucky, in accordance with the provisions of an
Construction.
Vol. 34, p. 84.
Post, p. 1500.
Act entitled “An Act to regulate the construction of bridges over navigable waters,” approved March 23, 1906, and subject to the conditions and limitations contained in this Act.
Sec. 2.
If tolls are charged for the use of such bridge, the rates of toll shall be so adjusted as to provide a fund sufficient to pay 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 cost of the bridge and its approaches, including reasonable interest and financing cost, as soon as possible under reasonable charges, but within a period of not to
Maintenance as free bridge, etc., after amortizing costs.
exceed twenty years from the completion thereof. After a sinking fund sufficient tor 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 management. An accurate record of the costs of the bridge
Record of expenditures and receipts.
and its approaches, the expenditures for maintaining, repairing, and operating the same, and of the daily tolls collected, shall be kept and shall be available for the information of all persons interested.
Sec. 3.
The right to alter, amend, or repeal this Act is hereby
Amendment.
expressly reserved.
Approved, May 18, 1928.