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Session Laws, 1929
Volume 572, Page 762   View pdf image (33K)
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762 LAWS OF MARYLAND. [CH. 247

from the date of acquiring same. After a sinking fund suffi-
cient to amortize the cost of acquiring the bridge and its ap-
proaches 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, main-
tenance, and operation of the bridge and its approaches. An
accurate record of the amount paid for the bridge and its ap-
proaches, the expenditures for operating, repairing, and main-
taining the same, and of daily tolls collected shall be kept and
shall be available for the information of all persons interested.

SEC. 6. And be it further enacted, That McClintic-Mar-
shall Corporation, its successors and assigns shall, within nine-
ty days after the completion of such bridge file with the Secre-
tary of War, the State Roads Commission of the State of Mary-
land and the Board of County Commissioners of Baltimore
County, a sworn itemized statement showing the actual orig-
inal cost of constructing the bridge and its approaches, the act-
ual cost of acquiring any interest in real property necessary
therefor, and the actual financing and promotion costs. The
Secretary of War may, and at the request of the State Roads
Commission 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
make a finding of the actual and reasonable costs of construct-
ing, financing, and promoting such bridge; for the purpose of
such investigation the said McClintic-Marshall Corporation,
its successors and assigns shall make available all records in
connection with the construction, financing, and promotion
thereof. The findings of the Secretary of War as to the rea-
sonable costs of the construction, " financing, and promotion of
the bridge shall be conclusive for the purposes mentioned in
the Section 4 of this Act, subject only to review in a court of
equity for fraud or gross mistake.

SEC. 7. And be it further enacted. That the right to sell,
assign, transfer and mortgage all rights, powers and privileges
conferred by this Act is hereby granted to McClintic-Marshall
Corporation, its successors and assigns, and any corporation to
which, or any person to whom, such rights, powers and privi-
leges may be sold, assigned or transferred or who shall acquire


 

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Session Laws, 1929
Volume 572, Page 762   View pdf image (33K)
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