Volume 45
Public Law 70–765
Granting the consent of Congress to the State of Arkansas, through its State highway department, to construct, maintain, and operate a toll bridge across White River at or near Augusta, Arkansas.
Approved May 26, 1928
Statutory text
An Act
Granting the consent of Congress to the State of Arkansas, through its State highway department, to construct, maintain, and operate a toll bridge across White River at or near Augusta, Arkansas.
Be it enacted, by the Senate and, Haase of Representatives of the United States of America in Congress assembled,
That the consent
White River.
Arkansas may bridge, at Augusta.
of Congress is hereby granted to the State of Arkansas, through its State highway department, to construct, maintain, and operate a bridge and approaches thereto across the White River, at a point suitable to the interests of navigation, at or near Augusta, Arkansas,
Construction.
Vol. 34, p. 84.
in accordance with the provisions of an 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
Application of rates of toll.
of toll shall be so adjusted as to provide a fund sufficient (1) to pay the reasonable cost of maintaining, repairing, and operating the bridge and its approaches; (2) the interest on borrowed money necessarily required and financing charges necessarily incurred in connection with the construction of the bridge and its approaches; and (3) to provide a sinking fund sufficient to retire the bonds issued and sold in connection with such original construction. All
All revenues to be so applied.
revenue received from the bridge shall be applied to the foregoing purposes, and no bonds issued in connection with the construction of the bridge and its approaches shall be made to mature later than twenty years after the date of issue thereof.
After a fund sufficient to retire such bonds in accordance with
Maintenance as free bridge when fund to retire bonds provided.
their provisions shall have been so provided, the bridge shall thereafter be maintained and operated as a free highway bridge, upon which no tolls shall be charged. An accurate and itemized record
Record of expenditures and receipts.
of the original cost of the bridge and its approaches, the expenditures for maintaining, repairing, and operating the same, the interest charges paid, and the tolls charged, and the daily revenues received from the bridge shall be kept by the State highway commission of Arkansas, and shall be available, at all reasonable times 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 26, 1928.