To Create Muscle Shoals Corporation of the United States: Hearings Before ..., 72-1 on A.J. Res. 15 ..., and S. 2164 ..., February 16, 19, and 24, 1932

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Page 4 - Shall have such powers as may be necessary or appropriate for the exercise of the powers herein specifically conferred upon the Corporation.
Page 3 - Two of the members in office shall constitute a quorum for the transaction of the business of the Board.
Page 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.
Page 3 - ... occurring prior to the expiration of the term for which his predecessor was appointed, shall be appointed for the remainder of such term.
Page 3 - ... any member 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...
Page 2 - 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 to as the "Corporation").
Page 7 - ... is hereby authorized and empowered in the exercise of the powers of national defense in aid of navigation, and in the control of the flood waters of the Tennessee and Mississippi Rivers, constituting channels of interstate commerce, to exercise the right of eminent domain...
Page 5 - States, counties, municipalities, corporations, partnerships, or individuals, according to the policies hereinafter set forth; and to carry out said authority, the board is authorized to enter into contracts for such sale for a term not exceeding twenty years, and in the sale of such current by the 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...
Page 4 - To cooperate with National, State, district, or county experimental stations or demonstration farms, for the use of new forms of fertilizer or fertilizer practices during the initial or experimental period of their introduction.

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