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Code · STATUTES-AT-LARGE · Vol. 45 STAT. · February 14, 1926 · Chapter 747

Chapter 747. To amend section 2 of an Act approved, February 14, 1926, granting consent of Congress for the construction of a bridge across Red River at or near Fulton, Arkansas

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Chap. 747: To amend section 2 of an Act approved, February 14, 1926, granting consent of Congress for the construction of a bridge across Red River at or near Fulton, Arkansas. Chapter 747 45 Stat. 743 1928-05-25 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 747.— An Act To amend section 2 of an Act approved, February 14, 1926, granting consent of Congress for the construction of a bridge across Red River at or near Fulton, Arkansas.
May 25, 1928.[[H. R. 12676](/us/bill/70/hr/12676).][[Public, No. 513](/us/pl/70/513).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That section 2 of Red River.Bridge across, by Arkansas, at Fulton.an Act approved February 14, 1926, granting consent of Congress for the construction of a bridge across Red River at or near Fulton, Arkansas, shall read as follows: " “Sec. 2. If tolls are charged for the use of such bridge, the rates Application of rates of toll.Vol. 44, p. 4, amended.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 revenue All revenues to be so applied.received from the bridge shall be applied to the foregoing purposes, and no bonds issued in connection with the construction or 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.Record of expenditures and receipts.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 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.” " Approved, May 25, 1928.
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