Chapter 553. Granting the consent of Congress to the highway department of the county of Etowah, State of Alabama, to construct, maintain, and operate a bridge across the Coosa River at or near Gilberts Ferry
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Chap. 553: Granting the consent of Congress to the highway department of the county of Etowah, State of Alabama, to construct, maintain, and operate a bridge across the Coosa River at or near Gilberts Ferry. 1929-03-02 553 Chapter 45 Stat. 1526 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 553.— An Act Granting the consent of Congress to the highway department of the county of Etowah, State of Alabama, to construct, maintain, and operate a bridge across the Coosa River at or near Gilberts Ferry.
March 2, 1929.[[H. R. 16432](/us/bill/70/hr/16432).][[Public, No. 979](/us/pl/70/979).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, * Coosa River.Etowah County, Ala., may bridge, at Gilberts Ferry. That the consent of Congress is hereby granted to the highway department of the county of Etowah, State of Alabama, to construct, maintain, and operate a bridge and approaches thereto across the Coosa River, at a point suitable to the interests of navigation, at or near Gilberts Ferry, in accordance with the provisions of the Act entitled “An Construction.Act to regulate the construction of bridges over navigable waters,” Vol. 34, p. 84.approved March 23, 1906, and subject to the conditions and limitations contained in this Act.
Sec. 2. Rates of toll applied to operation, sinking fund, etc. 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 Maintenance as free bridge, etc., after amortizing costs.of not to exceed twenty years from the completion thereof.
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 Record of expenditures and receipts.approaches under economical management. An accurate record of the costs of the bridge 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. Amendment. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, March 2, 1929.
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Chapter 553
Granting the consent of Congress to the highway department of the county of Etowah, State of Alabama, to construct, maintain, and operate a bridge across the Coosa River at or near Gilberts Ferry
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