Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1928-03-29

cised in the following manner, to-W1t;
The proposed purchaser shall name two
arbitrators. the owner or owners OF
such bridge or bridges shall name two
arbitrator. and the four arbitrators so
named shall name a fifth arbitrator.
These five arbitrators shall all be dls,
interested persons OF n1gh e s.ahu aate anu
thorough investigation of the property
so sought to be taken over and pur-
chased. and in the event OF SAID nve
arbitratorS cannot agree, any three OF
them may. after making such investiga-
ton, fix the amount to be PAD by the
purchaser. which amount so hXed must
be fair and reasonable. the amount OF
damages and compenSationS to be al
lowed, however. shall not include good
will. going value, or prospective revenue
or profits but shall be limited to the
cost on construction of such bridge ana
approaches. co Costs of acquiring such
interests in real property CD The n
nancing costs and promotion costs, not
to exceed 15% of the sum of the cost
of construction of the bridge and Its
approaches and acquiring such interests
in real property and the actual eXpendl.
ture for necessary improvements. If
at any time after the expiration OF the
twenty year period or at the expiration
of any subsequent PERIOD OF mve years hS
condemnation the amount OF damages
and compensation to be allowed snail
be determined upon the same basis as
above provided in case of purchase, the
purchaser shall thereupon pay to the
owner or owners within twelve months.
or such greater time as hereinafter pro,
vided. after the termination OF SAID
twenty year period or any subsequent
five year period within which said OPP
ton to purchase shall have been eXer-
cSed, the sum so awarded and deter
mined to the owner or owners of said
bridge or bridges, causeway or cause
ways and thereupon said owner or own
in the purchaser by proper muniments
of title, all right, title and interest, IN
and to such bridge or bridges. cause
way or causeways and all other I'M
provementS appurtenant thereto. in fee
simple. absolutely. forever, and title to
the full extent of the interest purchased.
In the event the proposed purchaser
shall have indicated an intention to eX.
ercise the option herein provided. but
shall be unable to pay over the money
within twelve months after the termln-
option to purchase shall have been ex-
ercised, due to delay in securing author
ization of funds to make said payment.
the time limit within which SAID award
twelve months to eighteen months.
Should the purchaser fail or refuse to
pay said award within said periods OF
twelve or eighteen months. respectively,
then no right shall accrue to the pro-
posed purchaser by reason of said OPP
ton. and such bridge or bridges. cause
maintained under and by virtue of the
provisions of this resolution shall not
thereafter be condemned or purchased
by the Commissioners of Burnett coun-
ty, Wisconsin, and Pine county. Min
nesota, or the Commissioners of either
of said counties in any manner. except
as herein provided.
state Bridge Company. it's successors
and assigns. agrees to keep the bridge
or bridges, causeway or causeways. APP
es, drawbridges and all parts thereof
constructed under the terms of this
resolution safe for travel and in good
repair at all times. and to maintain a
smooth and permanent roadway twenty
feet wide. exclusively for vehlcular
traffic, and if said company shall Vlo-
late any of the foregoing provisions to
the injury. delay or hindrance Of trav.
elers. for an unreasonable length Of
time, it shall forfeit it's right to collect
tolls thereon until the same is again
required and compliance made with the
foregoing provisions.
Section 5. That the right, franchise.
power and privilege hereby granted to
the said ST. Croix Interstate Bridge
ditioned upon the completion of said
toll bridge on or before December 31st.
1929. and that in the event said toll
bridge shall not be completed, ready
1929. the said right. franchise. power
and privilege shall. without any no
tice or proceedings of any kind what
soever Immediately terminate and be
and become null and void.
Section G. That the right. franchise,
power and privilege hereby granted to
the said ST. CroiX Interstate Bridge
Company shall be, and hereby is. grant
ed upon the condition that such toll
bridge. when constructed shall be con-
structed so that it will not interfere
with the plan submitted by the North
ern States Power Company "a Mime
sofa corporation) to the Federal Power
Commission. for development Of water
power from the st. Croix River by
means of a dam located below or down.
stream from said bridge.
Section Z. The St. Croix Interstate
Bridge Co.. it's successors or assigns,
shall within six months after the COM
pletion of said toll bridge file in the
office of the County Auditor of said
Pine county, Minnesota, full, complete
and verified statement of all elements
of costs and expense of said bridge and
appurtenances including all promotion
and financing COSTS
After the reading of this resolution.
rejected. His motion not being second
ed. Commissioner Ethel moved that this
resolution be adopted. His motion be-
ing seconded by Commissioner Stepan.
and when put. carried, Commissioners
Ethel, Oakland. Stepan, and Chairman
Matson voting aye, and Commissioner
Wilcox voting nay, so the resolution
was passed.
On motion the board adjourned un-
til April %. 1928. at one o'clock p. m.
NELS MATSON,
Attest: Chairman County Board.
ANDREW P. EDIN.
County Auditor.
auditors SeaD