Page:United States Statutes at Large Volume 60 Part 1.djvu/688

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60 STAT.] 79TH CONG. , 2D SESS.-CHS. 614, 615-JULY 24, 1946 Calcasieu River, at or near Lake Charles, authorized to be built by the State of Louisiana, by an Act of Congress approved June 22, 1943, 57 Stat. 10 58stat. and heretofore extended by the Act approved June 1, 1944, are hereby extended two and four years, respectively, from June 22, 1946. SEC. 2 . The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved July 24, 1946. [CHAPTER 615] AN ACT To amend the Act entitled "An Act authorizing the Nebraska-Iowa Bridge Corporation, a Delaware corporation, its successors and assigns, to construct, maintain, and operate a bridge across the Missouri River between Washington County, Nebraska, and Harrison County, Iowa", approved March 6, 1928. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the second sentence of Section 4 of the Act entitled "An Act authorizing the Nebraska-Iowa Bridge Corporation, a Delaware corporation, its suc- cessors and assigns, to construct, maintain, and operate a bridge across the Missouri River between Washington County, Nebraska, and Har- rison County, Iowa", approved March 6, 1928, is amended by striking out the word "twenty" and inserting in lieu thereof the word "thirty'. SEC. 2 . The second sentence of section 5 of such Act is amended to read as follows: "After a sinking fund sufficient to pay the cost of acquiring the bridge and its approaches shall have been so provided, such bridge shall thereafter be maintained and operated free of tolls." SEC. 3. Said Act is further amended by adding thereto four new sections to be numbered 9, 10, 11, and 12, respectively, as follows: "SEC. 9 . Approval is hereby granted, insofar as such approval by the Congress is required, of the agreement entered into on the 9th day of May 1946, by and between the Nebraska-Iowa Bridge Cor- poration and the State of Iowa, acting by and through its State high- way commission, and the State of Nebraska, acting by and through its department of roads and irrigation, which agreement provides for the liquidation of all indebtedness outstanding against said Nebraska-Iowa Bridge Corporation on account of said bridge on the date that said agreement was entered into, for the acquisition by said States and liquidation in like manner of said corporation's equity in said bridge over and above such outstanding indebtedness (the total amount of such outstanding indebtedness and the amount of value of the equity which said corporation shall have in said bridge after liquidation of said indebtedness having been heretofore determined and agreed upon and set forth in said agreement) and for the said Nebraska-Iowa Bridge Corporation on and after the date thereof to continue in control of and to maintain and operate said bridge as trustee for all of the parties to said agreement for the purpose of carrying out the terms thereof. "SEC. 10. When the revenues derived from the operation of the bridge, after meeting reasonable annual maintenance, repair, and oper- ation costs, shall have provided funds sufficient to pay all outstanding indebtedness and pay the equity of said Nebraska-Iowa Bridge Cor- poration in said bridge, pursuant to the terms of the hereinabove- mentioned agreement, the Nebraska-Iowa Bridge Corporation shall by deed or other suitable instrument of conveyance transfer to the State of Iowa all right, title, and interest held by said corporation in and to that portion of said bridge and its approaches, rights, rights-of-way, July 24, 1946 I[. R. 6515] [Public Law 643] Bridge. Missouri River. 45 Stat. 194. 45 Stat. 195. Tolls. Approval of agree- ment. Transfer of title, etc. , to State. 661