Tennessee Valley Authority Financing: Hearings Before the Subcommittee on Flood Control ... Eighty-fifth Congress, First Session, on H.R. 3236 and H.R. 4266, to Amend the Tennessee Valley Authority Act of 1933, as Amended, and for Other Purposes. March 28, 29, April 1, 2, 3, 5, May 6 and 7, 1957

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Halaman 5 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Halaman 5 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Halaman 3 - Any and all notes, debentures, bonds or other such obligations issued by the corporation shall be exempt both as to principal and Interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any territory, dependency or possession thereof, or by any state, county, municipality or local taxing authority.
Halaman 1 - Act, use the proceeds of such bonds for the construction, acquisition, enlargement, improvement, or replacement of any plant or other facility used or to be used for the generation or transmission of electric power (including the portion of any multiplepurpose structure used or to be used for power generation) ; as may be required in connection with the lease, lease-purchase, or any contract tor the power output of any such plant or other facility ; and for other purposes incidental thereto.
Halaman 2 - State or local taxing authority except estate, inheritance, and gift taxes; and (5) not be obligations of, nor shall payment of the principal thereof or interest thereon be guaranteed by, the Government of the United States, except as provided in section 2006(c) of this title.
Halaman 58 - ... funds and other funds which may be similarly pledged and used, to such extent and in such manner as it may deem necessary or desirable. The...
Halaman 10 - ... particularly the domestic and rural consumers to whom the power can economically be made available, and accordingly that sale to and use by industry shall be a secondary purpose, to be utilized principally to secure a sufficiently high load factor and revenue returns which will permit domestic and rural use at the lowest possible rates and in such manner as to encourage increased domestic and rural use of electricity.
Halaman 138 - The authority shall have power and Is hereby authorized from time to time to issue its negotiable bonds for any corporate purpose.
Halaman 5 - Bonds issued by the Corporation hereunder shall not be obligations of, nor shall payment of the principal thereof or interest thereon be guaranteed by, the United States. [Proceeds realized by the Corporation from issuance of such bonds and from power operations and the expenditure of such proceeds shall not be subject to apportionment under the provisions of RS 3679, as amended (31 USC sec.
Halaman 100 - Order. 3. To provide the widest possible use of and reasonable outlets for electric energy marketed by the Administrator and the purchase thereof by the ultimate consumer at the lowest possible rates consistent with sound business principles, and to prevent the monopolization of such energy by limited groups, the Administrator...

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