Chapter 499. Granting the consent of Congress to the Niagara Frontier Bridge Commission, its successors and assigns, to construct, maintain, and operate a toll bridge across the east branch of the Niagara River at or near the city of Niagara Falls, New York
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CHAP. 499.— An Act Granting the consent of Congress to the Niagara Frontier Bridge Commission, its successors and assigns, to construct, maintain, and operate a toll bridge across the east branch of the Niagara River at or near the city of Niagara Falls, New York. June 17, 1930.[[H. R. 11903](/us/bill/71/hr/11903).][[Public, No. 363](/us/pl/71/363).] Niagara River.Niagara Frontier Bridge Commission, may bridge east branch of, at Niagara Falls, N. Y. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the consent of Congress is hereby granted to the Niagara Frontier Bridge Commission, a State commission created by act of the Legislature of the State of New York, chapter 594 of the Laws of 1929, its successors and assigns, to construct, maintain, and operate a toll bridge and approaches thereto across the east branch of the Niagara River, at a point suitable to the interests of navigation, from the city of Niagara Falls, in the county of Niagara and State of New York, at a point east of Evershed Avenue in said city of Niagara Falls, to Grand Island, in the county of Erie and State of New York, Construction.Vol. 34, p. 84.in accordance with the provisions of the Act entitled “An Act to regulate the construction of bridges over navigable waters,” approved March 23, 1906.
Sec. 2. Time for bridging. That this Act shall be null and void unless the construction of said bridge is commenced within two years and completed within five years from the date of approval hereof. Sec. 3. Toll rates 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 765soon as possible under reasonable charges, but within a period of not to exceed twenty years from the completion thereof.
After a Maintenance as free bridge, etc., after amortizing costs.Record of expenditures and receipts.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 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. 4. That the right to alter, amend, or repeal this Act is Amendment.hereby expressly reserved. Approved, June 17, 1930.