Chapter 352. Granting the consent of Congress to the county of Georgetown, South Carolina, to construct, maintain, and operate a bridge across the Pee Dee River and a bridge across the Waccamaw River, both at or near Georgetown, South Carolina
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CHAP. 352.— An Act Granting the consent of Congress to the county of Georgetown, South Carolina, to construct, maintain, and operate a bridge across the Pee Dee River and a bridge across the Waccamaw River, both at or near Georgetown, South Carolina. May 29, 1930.[[S. 4182](/us/bill/71/s/4182).][[Public, No. 282](/us/pl/71/282).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the consent ofPeedee and Waccamaw Rivers.Georgetown County Commissioners may bridge, at Georgetown, S.
C. Congress is hereby granted to the Board of County Commissioners of Georgetown County, State of South Carolina, and their successors in office, to construct, maintain, and operate a highway bridge and approaches thereto across the Peedee River and a highway bridge and approaches thereto across the Waccamaw River, at points suitable to the interests of navigation, both at or near the city of Georgetown, South Carolina, in accordance with the provisions of480Construction.Vol. 34, p. 84. the 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. Toll rates adjusted to provide for operation, sinking fund, etc. If tolls are charged for the use of such bridges, 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 bridges and their approaches under economical management, and to provide a sinking fund sufficient to amortize the cost of the bridges and their approaches, including reasonable interest and financing cost, in accordance with the laws of the State of South Carolina applicable thereto, but within a period of not to exceed twenty-five years from the completion thereof.
After a sinking fund sufficient for such amortization shall have been so provided,Maintenance ns free bridges after amortizing costs.Record of expenditures and receipts. such bridges shall thereafter be maintained and operated free of tolls. An accurate record of the costs of the bridges and their 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. Right to sell, etc., conferred. The right to sell, assign, transfer, and mortgage the rights, powers, and privileges conferred by this Act is hereby granted to the Board of County Commissioners of Georgetown County, and their successors in office, for the purposes of and in accordance with the provisions of the act of the Legislature of the State of South Carolina authorizing the construction of the bridges authorized by this Act. 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 though fully conferred upon such corporation or person.
Sec. 4. South Carolina may acquire all rights, etc., by purchase, etc. During the construction or after the completion of the bridges authorized by this Act the State of South Carolina or the highway department thereof may at any time acquire and take over all right, title, and interest in such bridges and their approaches, and any interest in real estate necessary therefor, by purchase or by condemnation, in accordance with the laws of the State of South Carolina governing the acquisition of private property for public purposes by condemnation or expropriation.
Sec. 5. Amendment. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, May 29, 1930.