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Session Laws, 1929
Volume 572, Page 761   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 761

of the Public Service Commission, which said Commission be
and hereby is vested with the same authority to revise and
change any rates of tolls and charges fixed by the company, as
it now or may hereafter have to revise the rates and charges of
common carriers now subject to its jurisdiction with like proce-
dure, including the right of appeal.

SEC. 3. And be it further enacted, That the provisions of
this Act are subject to all valid and applicable provisions of
laws of the United States, concerning bridges over navigable
waters of the United States.

SEC. 4. And be it further enacted, That after the comple-
tion of such bridge, as determined by the Secretary of War,
either the State of Maryland, or the Board of County Commis-
sioners of Baltimore County or both of them jointly, may at
any time acquire and take over all the right, title, and interest
in such bridge and its approaches and any interests in real
property necessary therefor, by purchase or condemnation in
accordance with the laws of this State governing the acquisition
of private property for public purposes by condemnation. If
at any time after the expiration of twenty years after the com-
pletion 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 prospec-
tive 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 per-
centum of the sum of the cost of constructing the bridge and its
approaches and acquiring such interests in real property; and

(4) actual expenditures for necessary improvements.

SEC. 5. And be it further enacted, That 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 4 of this Act, 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 reasonable-
charges, but within a period of not to exceed twenty years


 

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Session Laws, 1929
Volume 572, Page 761   View pdf image (33K)
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