Chapter 513. Authorizing L
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Chap. 513: Authorizing L. L. Thompson, his heirs, legal representatives, and assigns, to construct, maintain, and operate a bridge across the Red River at or near Montgomery, Louisiana. 1929-03-02 513 Chapter 45 Stat. 1497 70 2 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-24 public Chapter 513.— An Act Authorizing L.
L. Thompson, his heirs, legal representatives, and assigns, to construct, maintain, and operate a bridge across the Red River at or near Montgomery, Louisiana. March 2, 1929.[[H. R. 16725](/us/bill/70/hr/16725).][[Public, No. 939](/us/pl/70/939).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, * That in order toRed River.L. L. Thompson may bridge, at Montgomery, La. promote interstate commerce, improve the postal service, and provide for military and other purposes, L.
L. Thompson, his heirs, legal representatives, and assigns, be, and is hereby, authorized to construct, maintain, and operate a bridge and approaches thereto, across the Red River, at a point suitable to the interests of navigation at or near Montgomery, Louisiana, in accordance with the provisions of theConstruction.Vol. 34, p. 84. 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. After the completion of such bridge, as determined by theAcquisition authorized, after completion, by Louisiana, etc. Secretary of War, either the State of Louisiana, any political subdivision thereof 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 condemnation or expropriation, inCondemnation proceedings. accordance with the laws of such State governing the acquisition of private property for public purposes by condemnation or expropriation.
If at any time after the expiration of five years after theCompensation if acquired by condemnation. completion of such bridge the same is acquired by condemnation or expropriation, the amount of damages or compensation to be allowed shall not include good will, going value, or prospective revenues or profits, but shall be limited to the sum of
(1)the actual cost ofLimitations. constructing such bridge and its approaches, less a reasonable deduc-1498tion for actual depreciation in value;
(2)the actual cost of acquiring such interests in real property;
(3)actual financing and promotion cost, not to exceed 10 per centum of the sum of the cost of constructing the bridge and its approaches and acquiring such interests in real property; and
(4)actual expenditures for necessary improvements. Sec. 3. Tolls under State, etc., operation. If such bridge shall at any time be taken over or acquired by the State of Louisiana, or by any municipality or other political subdivision or public agency thereof, under the provisions of section 2 of this Act, and if tolls are thereafter charged for the use thereof, Rates applied to operation, sinking fund, etc.the rates of toll shall be so 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 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, etc.exceed twenty years from the date of acquiring the same. After a sinking fund sufficient 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 Record of expenditures and receipts.under economical management. An accurate record of the amount paid for acquiring the bridge and its approaches, the actual 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. 4. Sworn statement of construction costs, etc., to be filed after completion. L. L. Thompsen, his heirs, legal representatives, and assigns, shall, within ninety days after the completion of such bridge, file with the Secretary of War and with the highway department of the State of Louisiana, 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 Examination by Secretary of War.actual financing and promotion costs. The Secretary of War may, and at the request of the highway department of the State of Louisiana shall, at any time within three years after the completion of such bridge, investigate such costs and determine the accuracy and the reasonableness of the costs alleged in the statement of costs so filed, and shall make a finding of the actual and reasonable costs of constructing, financing, and promoting such bridge; for the purpose of such investigation the said L. L. Thompsen, his heirs, legal representatives, and assigns, shall make available all of his records in connection with the construction, financing, and promotion thereof. Findings of Secretary conclusive.The findings of the Secretary of War as to the reasonable costs of the construction, financing, and promotion of the bridge shall be conclusive for the purposes mentioned in section 2 of this Act, subject only to review in a court of equity for fraud or gross mistake. Sec. 5. Right to sell, etc., conferred. The right to sell, assign, transfer, and mortgage all the rights, powers, and privileges conferred by this Act is hereby granted to L. L. Thompsen, his heirs, legal representatives, and assigns; and any corporation to which or any person to whom such rights, powers, and privileges may be sold, assigned, or transferred, or who shall acquire the same by mortgage foreclosure or otherwise, is hereby authorized and empowered to exercise the same as fully as though conferred herein directly upon such corporation or person. Sec. 6. Construction contracts to be let to lowest bidder. All contracts made in connection with the construction of the bridge authorized by this Act and which shall involve the expenditure of more than $5,000 shall be let by competitive bidding. Advertising, etc.Such contracts shall be advertised for a reasonable time in some newspaper of general circulation published in the State in which the bridge ,is located and in the vicinity thereof; sealed bids shall be 1499required, and the contract shall be awarded to the lowest responsible bidder. Verified copies or abstracts of all bids received and of the bid or bids accepted shall be promptly furnished to the highway department of the State in which such bridge is located. A failureContracts void for violations. to comply in good faith with the provisions of this section shall render null and void any contract made in violation thereof; and the Secretary of War may, after hearings, order the suspension of all work upon such bridge until the provisions of this section shall have been fully complied with. Sec. 7. The right to alter, amend, or repeal this Act is herebyAmendment. expressly reserved. Approved, March 2, 1929.
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Chapter 513
Authorizing L
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