Muscle Shoals: Hearing Before ..., 71-1 on S.J. Res. 49 ..., May 29, 1929

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Halaman 4 - Shall have such powers as may be necessary or appropriate for the exercise of the powers herein specifically conferred upon the Corporation.
Halaman 3 - SEC. 4. Except as otherwise specifically provided in this act, the Corporation— (a) Shall have succession in its corporate name. (b) May sue and be sued in its corporate name. (c) May adopt and use a corporate seal, which shall be judicially noticed.
Halaman 2 - ... appointed to fill a vacancy occurring prior to the expiration of the term for which his predecessor was appointed, shall be appointed for the remainder of such term; and (2) the terms of office of the members first taking office after the date of the enactment of this Act...
Halaman 2 - ... the flood control of the Tennessee River; to provide for reforestation and the proper use of marginal lands In the Tennessee Valley; to provide for the agricultural and industrial development of said valley; to provide for the national defense by the creation of a corporation for the operation of Government properties at and near Muscle Shoals In the State of Alabama, and for other purposes.
Halaman 3 - Two of the members in office shall constitute a quorum for the transaction of the business of the Board.
Halaman 4 - States, appoint such managers, assistant managers, officers, employees, attorneys, and agents, as are necessary for the transaction of its business, fix their compensation, define their duties, require bonds of such of them as the board may designate, and provide a system of organization to fix responsibility and promote Efficiency.
Halaman 5 - Corporation to exercise the powers and duties vested in it by this Act — (a) The exclusive use, possession, and control of the United States nitrate plants numbered 1 and 2, including steam plants, located, respectively, at Sheffield, Alabama, and Muscle Shoals, Alabama, together with all real estate and buildings connected therewith, all tools and machinery, equipment, accessories, and materials belonging thereto, and all laboratories and plants used as auxiliaries thereto; the fixed-nitrogen...
Halaman 5 - Board it shall give preference to States, counties, municipalities, and cooperative organizations of citizens or farmers, not organized or doing business for profit, but primarily for the purpose of supplying electricity to its own citizens or members...
Halaman 5 - In order to place the board upon a fair basis for making such contracts and for receiving bids for the sale of such power, it is hereby expressly authorized, either from appropriations made by Congress or from funds secured from the sale of such power, or from funds secured by the sale of bonds [hereafter provided for], to construct, lease, purchase, or authorize the construction of transmission lines within transmission distance from the place where generated, and to interconnect with other systems.
Halaman 2 - Congress assembled, .That for the purpose of maintaining and operating the properties now owned by the United States in the vicinity of Muscle Shoals, Alabama, in the interest of the national defense and for agricultural and industrial development, and to improve navigation in the Tennessee River and to control the destructive flood waters in the Tennessee River and Mississippi River Basins, there is hereby created a body corporate by the name of "The Tennessee Valley Authority" (hereinafter referred...

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