Chapter 679. Authorizing the Saint Croix Interstate Bridge Company, its successors and assigns, to construct, maintain, and operate a bridge across the Saint Croix River near Grantsburg, Wisconsin
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Chap. 679: Authorizing the Saint Croix Interstate Bridge Company, its successors and assigns, to construct, maintain, and operate a bridge across the Saint Croix River near Grantsburg, Wisconsin. Chapter 679 45 Stat. 702 1928-05-22 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 70 1 public Chapter 679.— An Act Authorizing the Saint Croix Interstate Bridge Company, its successors and assigns, to construct, maintain, and operate a bridge across the Saint Croix River near Grantsburg, Wisconsin.
May 22, 1928.[[H. 3793](/us/bill/70/h/3793).][[Public, No. 467](/us/pl/70/467).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That in order to Saint Croix River.Saint Croix Interstate Bridge Company may bridge, near Grantsburg, Wis.facilitate interstate commerce, improve the postal service, and provide for military and other purposes, the Saint Croix Interstate Bridge Company, of Grantsburg, State of Wisconsin, its successors and assigns, is hereby authorized to construct, maintain, and operate a bridge and approaches thereto across the Saint Croix River, at a point suitable to the interests of navigation, at or near the Grantsburg Road, near the village of Grantsburg, State of Wisconsin, in Construction.Vol. 34, p. 84.accordance with the provisions of the Act entitled “An Act to regulate the construction of bridges over navigable waters,” approved March 28, 1906, and subject to the conditions and limitations contained in this Act.
Right to acquire real estate, etc., for location, approaches, etc. Sec. 2. There is hereby conferred upon the Saint Croix Interstate Bridge Company, its successors and assigns, all such rights and powers to enter upon lands and to acquire, condemn, occupy, possess, and use real estate and other property needed for the location, construction, operation, and maintenance of such bridge and its approaches as are possessed by railroad corporations for railroad purposes or by bridge corporations for bridge purposes in the Stale in which such real estate or other property is situated, upon making just compensation therefor, to be ascertained and paid according to Condemnation proceedings.the laws of such State, and the proceedings therefor shall be the same as in the condemnation or expropriation of property for public purposes in such State.
Tolls authorized. Sec. 3. The said Saint Croix Interstate Bridge Company, its successors and assigns, is hereby authorized to fix and charge tolls for transit over such bridge, and the rates of toll so fixed shall be the 703legal rates until changed by the Secretary of War under the authority Vol. 34, p. 85.contained in the Act of March 23, 1906. Sec. 4. After the completion of such bridge, as determined by the Acquisition authorized, after completion, by Wisconsin, Minnesota, etc.Secretary of War, either the State of Wisconsin, the State of Minnesota, 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 condemnation or expropriation, in accordance with the laws of either of such States governing the acquisition of private property for public purposes by condemnation or expropriation.
If at any time after the expiration of twenty years after the completion Compensation if acquired by condemnation.of such bridge the same is acquired by condemnation or non. 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 of constructing Limitations.such bridge 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 bridge and its approaches and acquiring such interest in real property; and
(4)actual expenditures for necessary improvements. Sec. 5. If such bridge shall at any time be taken over or acquired Tolls under State, etc., operation.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 thereafter charged for the use thereof, the rates of toll shall be Rates applied to operation, sinking fund, etc.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 exceed twenty years from the date of acquiring the same. After a sinking fund sufficient for Maintenance as free bridge, etc., after amortizing costs, etc.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 amount paid for acquiring Record of expenditures and receipts.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. 6. The Saint Croix Interstate Bridge Company, its successors Sworn statement of construction costs to be filed after completion.and assigns, shall, within ninety days after the completion of such bridge, file with the Secretary of War and with the highway departments of the States of Wisconsin and Minnesota 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 costs. The Secretary of War may, and upon request of the highway Examination by Secretary of War.department of either of such States 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 Saint Croix Interstate Bridge Company, its successors and assigns, shall make available all of its records in connection with the 704 Findings of Secretary conclusive.construction, financing, and promotion thereof. 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 4 of this Act, subject only to review in a court of equity for fraud or gross mistake. Right to sell, etc., conferred. Sec. 7. The right to sell, assign, transfer, and mortgage all the rights, powers, and privileges conferred by this Act is hereby granted to the Saint Croix Interstate Bridge Company, its successors 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. Amendment. Sec. 8. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, May 22, 1928.
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Chapter 679
Authorizing the Saint Croix Interstate Bridge Company, its successors and assigns, to construct, maintain, and operate a bridge across the Saint Croix River near Grantsburg, Wisconsin
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