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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 582   View pdf image (33K)
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582 ARTICLE 91.

If at any time after the expiration of twenty years after the completion
of such bridge and its approaches the same is acquired by condemnation,
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 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 cost, not to exceed 10 percentum of the sum of the
cost of constructing the bridge and its approaches and acquiring such in-
terests in real property; and (4) actual expenditures for necessary im-
provements.

1929, ch. 247, sec. 5.

119. If such bridge shall at any time be taken over or acquired by the
Board of County Commissioners of Baltimore County under the provi-
sions of Section 118 of this Article, and if tolls are charged for the use
thereof, the rates of toll shall be so adjusted as to provide a fund sufficient
to pay for the cost of maintaining, repairing, and operating the bridge and
its approaches, and to provide a sinking fund sufficient to amortize the
amount paid for such bridge and its approaches as soon as possible under
reaonable charges, but within a period of not to exceed twenty years from
the date of 'acquiring same. After a sinking fund sufficient to amortize the
cost of acquiring the bridge and its approaches shall have been 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 care, repair, mainte-
nance, and operation of the bridge and its approaches. An accurate record
of the amount paid for the bridge and its approaches, the expenditures for
operating, repairing, and maintaining the same, and of daily tolls collected
shall be kept and shall be available for the information of all persons
interested.

1929, ch. 247, sec. 6.

120. McClintic-Marshall Corporation, its successors and assigns shall,
within ninety days after the completion of such bridge file with the Secre-
tary of War, the State Roads Commission of the State of Maryland and
the Board of County Commissioner of Baltimore County, a sworn item-
ized statement showing the actual original cost of constructing the bridge
and its approaches, the actual cost of acquiring any interest in real prop-
erty necessary therefor, and the actual financing and promotion costs.
The Secretary of War may, and at the request of the State Roads Commis-
sion of the State of Maryland 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 so filed, and
shall mate a finding of the actual and reasonable costs of constructing,
financing, and promoting such bridge; for the purpose of such investigation
the said McClintic-Marshall Corporation, its successors and assigns shall


 

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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 582   View pdf image (33K)
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