Section 3430 - Contracts between commissions The Pennsylvania commission is hereby authorized to enter into any contract or contracts with the New Jersey Commission, which may be deemed requisite and necessary to carry out the terms and provisions and intent of this act. It shall have the power to enter into a contract with the New Jersey commission for charging tolls for the use of said bridge by vehicles, said tolls to be at such rates as shall be agreed upon between the Pennsylvania Commission and the New Jersey Commission.
Such agreement shall contain such provisions as to the Pennsylvania commission shall seem wise, but shall specifically provide:
(a) That tolls shall continue to be collected, for the use of the said bridge by vehicles, until such time as the State of New Jersey, the Commonwealth of Pennsylvania and and City of Philadelphia shall each have been fully reimbursed for all moneys expended to pay the cost of said bridge and the approaches thereto. For the purpose of determining the cost of said bridge, interest at the rate of four per cent per annum on the amount expended by the Commonwealth of Pennsylvania and not repaid to the said Commonwealth, and interest paid by the State of New Jersey and the City of Philadelphia, on bonds issued to borrow money to pay in whole or in part the respective shares of the said State and the said City of the cost of said bridge, shall be included.(b) That until each of the said State of New Jersey, Commonwealth of Pennsylvania and City of Philadelphia shall have been reimbursed as hereinbefore provided, all expenses for the maintenance, repair and operation of said bridge shall be paid out of the proceeds of tolls collected under said contract.(c) That from time to time the proceeds of the collection of tolls under said contract, in excess of the requirements for maintenance, repairs and operation, and also any other revenue derived from the operation of said bridge, including revenue received under leases or contracts with public service corporations, companies, firms or individuals for the operation of busses over said bridge, or the installation, maintenance, use and operation of railways, railroads or other transportation facilities, or telegraph, telephone, electric light or power, or other public service facilities over said bridge shall be distributed, one-half to the State of New Jersey, one-quarter to the Commonwealth of Pennsylvania and one-quarter to the City of Philadelphia, until such time as either the State of New Jersey, the Commonwealth of Pennsylvania or the City of Philadelphia shall have been reimbursed in full as hereinabove provided. Thereafter such tolls and other revenue shall be equally divided between the two remaining participants therein until one of them shall have been reimbursed in full, and thereafter the remaining participant shall receive all of such tolls and other revenue until it shall have been reimbursed in full.(d) That as soon as the State of New Jersey, the Commonwealth of Pennsylvania and the City of Philadelphia shall have been reimbursed in full as hereinabove provided, the use of the said bridge shall become, and shall thereafter remain, free to private vehicles.(e) That payments made under said contract to the Commonwealth of Pennsylvania shall be made into the general fund of the State Treasury of said Commonwealth, or into such other fund or funds as the General Assembly shall from time to time direct; and payments to the State of New Jersey and to the City of Philadelphia shall be made into such funds or to such persons as the Legislature of New Jersey and the Council of Philadelphia shall respectively require.1919, July 9, P.L. 814, § 10; 1926, Feb. 18, P.L. 10, § 1.