§ 8-16-2-18 — Retirement of tolls

Indiana § 8-16-2-18

• Jurisdiction: Indiana
• Art. 16: BRIDGES AND TUNNELS
• Ch. 2: Interstate Toll Bridges

Text

Whenever such county, either from moneys
derived from net tolls as aforesaid or from moneys paid by an adjoining
state, or from both of such sources, shall have been repaid an amount
equal to the amount of money contributed by such county to said state
highway funds in aid of the construction of such bridge, including
principal and interest, and when the state highway fund, either from
money derived from net tolls as aforesaid, or from money paid by an
adjoining state, or from both sources, shall have been paid an amount
equal to the amount contributed by such county in aid of the
construction of such bridge, plus interest thereon to the time of such
repayment, then the right to take tolls on such bridge shall immediately
cease and such bridge shall thereupon be declared to be and shall be a
free bridge for use in interstate commerce between the state of Indiana
and such adjoining state. In no event, however, shall tolls be collected
for a longer period of time than is permitted by any law of congress
now in force or hereafter enacted regulating the collection of tolls on
interstate bridges.
Formerly: Acts 1927, c.10, s.18.