Sec. 2. If the proper authorities of the state of Illinois are empowered by the laws of the state of Illinois to enter into such negotiations, and if the department and the authority having charge of the state highways of the state of Illinois can agree with the owners of such bridge on the purchase-price of such bridge, then and in that event the department is hereby authorized and empowered to acquire the ownership of and the title to such bridge, jointly, with the state of Illinois, to pay not to exceed fifty percent (50%) of the purchase-price agreed upon, out of any funds appropriated to the department which might otherwise be used for the construction of bridges, and to enter into such agreements with the proper authorities of the state of Illinois as may be fair and equitable for the repair, maintenance and upkeep of such bridge, and to expend such amounts of money as may be necessary to maintain such bridge. Formerly: Acts 1937, c.160, s.2. As amended by Acts 1980, P.L.74, SEC.295. IC 8-16-15.5 Chapter 15.5. New Harmony and Wabash River Bridge Authority 8-16-15.5-1 Definitions 8-16-15.5-2 Bridge authority; establishment; powers 8-16-15.5-3 Bridge authority; members 8-16-15.5-4 Terms; vacancies 8-16-15.5-5 Organizational meeting 8-16-15.5-6 Purpose 8-16-15.5-7 Powers 8-16-15.5-8 Bonds and notes 8-16-15.5-9 Repealed 8-16-15.5-9.1 Members, officers, and employees; immunity from civil liability 8-16-15.5-10 Liability for bonds and notes; tax exemption 8-16-15.5-11 Authorization to invest in bridge authority bonds and notes 8-16-15.5-12 Securities registration requirements; exemption 8-16-15.5-13 Pledges of proceeds, investment earnings, or other money 8-16-15.5-14 Property taxes; special assessments; exemption 8-16-15.5-15 State and political subdivisions; immunity from liability
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