Tennessee Valley Authority: Hearings Before the Committee on Military Affairs, House of Representatives, Seventy-sixth Congress, Third Session, on H. R. 7424, H. R. 5068, H. R. 3822, H. R. 2741, H. R. 4610, and H. R. 4094, Bills to Amend the Tennessee Valley Authority Act of 1933. January 23, 24, 25, 26, 31, February 1, 2, 7, 14, and 20, 1940 ...

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U.S. Government Printing Office, 1940 - 544 pages

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Page 523 - All property shall be taxed according to its value; that value to be ascertained in such manner as the legislature shall direct, so that the same shall be equal and uniform throughout the State. No one species of property from which a tax may be collected, shall be taxed higher than any other species of property of equal value.
Page 3 - ... issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 5 - Act to improve the navigability and to provide tor itoud control of the Tennessee River ; to provide for reforestation and the proper use of marginal lands in the Tennessee Valley...
Page 523 - The Legislature shall have no power to suspend any general law for the benefit of any particular individual, nor to pass any law for the benefit of individuals, inconsistent with the general laws of the land ; nor to pass any law granting to any individual or individuals, rights, privileges, immunities, or exemptions, other than such as may be, by the same law, extended to any member of the community who may be able to bring himself within the provisions of such law.
Page 3 - 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.
Page 3 - Treasury shall pay to the holder the amount thereof which is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such obligations.
Page 3 - ... to be redeemable at the option of the corporation before maturity in such manner as may be stipulated in such obligations...
Page 224 - It is hereby declared to be the policy of this Act that, in order, as soon as practicable, to make the power projects self-supporting and self-liquidating, the surplus power shall be sold at rates which, in the opinion of the board, when applied to the normal capacity of the Authority's power facilities, will produce gross revenues in excess of the cost of production of said power and in addition to the statement of the cost of power at each power station as required by section 9 (a) of the "Tennessee...
Page 259 - ... 10 percent, 20 percent. 30 percent, 40 percent, 50 percent, 60 percent, 70 percent, 80 percent, 90 percent and total 100 percent. The Administrator shall from time to time readjust this schedule of ratings in accordance with experience. Mr. ROUSH. In other words, the Veterans...
Page 1 - States, and the counties therein, for each fiscal year, beginning July 1, 1940, the following percentages of the gross proceeds derived from the sale of power by the Corporation for the preceding fiscal year as hereinafter provided, together with such additional amounts as may be payable pursuant to the provisions hereinafter set forth, said payments to constitute a charge against the power operations of the Corporation: For the fiscal year (beginning July 1) 1940...

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