Chapter 222. Granting the consent of Congress to the State of New Hampshire to construct, maintain, and operate a bridge or dike across Little Bay at or near Fox Point
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CHAP. 222.— An Act Granting the consent of Congress to the State of New Hampshire to construct, maintain, and operate a bridge or dike across Little Bay at or near Fox Point. February 18, 1931.[[S. 5688](/us/bill/71/s/5688).][[Public, No. 681](/us/pl/71/681).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Little Bay.New Hampshire may construct a bridge or dike across, at Fox Point. That the consent of Congress is hereby granted to the State of New Hampshire to construct, maintain, and operate a bridge or dike and approaches thereto across the Little Bay at a point suitable to the interests of navigation, at or near Fox Point, in accordance with the provisions Construction.Vol. 34, p. 84.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. Tolls applied to operation, sinking fund, etc. If tolls are charged for the use of such bridge or dike, 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 or dike and its approaches under economical management, and to provide a sinking fund sufficient to amortize the cost of the bridge or dike and its approaches, including reasonable interest and financing cost, as soon as possible under reasonable charges, but within a period of not to exceed thirty years from the completion Maintenance as free bridge after amortizing costs.thereof.
After a sinking fund sufficient for such amortization shall have been so provided, such bridge or dike shall thereafter be main-1171tained 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 or dike and its approaches under economical management. An accurate record of the costs of the bridge or dike and its Record of expenditures and receipts.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. The right to alter, amend, or repeal this Act is hereby Amendment.expressly reserved. Approved, February 18, 1931.