Page:United States Statutes at Large Volume 48 Part 1.djvu/93

 73d CONGRESS. SESS. 1. CH. 32. MAY 18, 1933 . 67 interest not exceeding 31/2 per centum per annum. Said bonds shall be issued and sold in amounts and prices approved by the Secretary of the Treasury, but all such bonds as may be so issued and sold shall 1 Bonds to have equal have equal rank. None of said bonds shall be sold below par, and no rank, sold at par, etc. fee, commission, or compensation whatever shall be paid to any No commission, fee, person, firm , or c orpora tion f or han dling, negoti ating the sa le, or etc. selling the said bonds. All of such bonds so issued and sold shall have Rights, etc., of bonds . all the rights and privileges accorded by law to Panama Canal bonds, 34,p.5. 2, p. 484 . authorized by section 8 of the Act of June 28, 1902, chapter 1302, u.s .o ., p.1024. as amended by the Act of December 21, 1905 (ch . 3, sec . 1, 34 Stat . 5), as now compiled in section 743 of title 31 of the United States Code. Proceeds of sale to be All funds derived from the sale of such bonds shall be paid over to paid to Corporation . the Corporation. SEO. 1 6 . The board, whene ver th e Pres ident deems i t advi sable, is an seam pla nt aa ni- hereby empowered and directed to complete Dam Numbered 2 at trate plant numbered 2. Muscle Shoals, Alabama, and the steam plant at nitrate plant num- plete. Authority to cum- bered 2, in the vicinity of Muscle Shoals, by installing in Dam Num- bered 2 the additional power units according to the plans and specifi- cations of said dam, and the additional power unit in the steam plant at nitrate plant numbered 2. SEC. 17. The Secretary of War, or the Secretary of the Interior, Clinch River. Cove is hereby authorized to construct, either directly or by contract to Creek Dam. the low est re sponsi ble bi dder, after due adv ertise ment, a dam in and across Clinch River in the State of Tennessee, which has by long custom become known and designated as the Cove Creek Dam, Transmission lines together with a transmission line from Muscle Shoals, according to from Muscle Shoals. the latest and most approved designs, including power house and Installations for de v gmaxim hydroelectric installations and equipment for the generation of ma ry power . power, in ord er tha t the waters of th e said Clinch River may b e im- pounded and s tored above said d am for the pu rpose of inc reasin g and regulating the flow of the Clinch River and the Tennessee River below, so that the maximum amount of primary power may be developed at Dam Numbered 2 and at any and all other dams below the said Cove Creek Dam : Provided, however, That th e Pres ident is Pro1YSOS. hereby authorized by appropriate order to direct the employment n Employment of engi- by the Secretary of War, or by the Secretary of the Interior, of such engineer or engine ers as he may desi g irate, to perfor m such du ties and obligations as he may deem proper, either in the drawing of plans and speci ficat ions for said dam, or t o per form any o ther work in t he building or construction of the same. The President may, by such supervision of con- order, place the control of the construction of said dam in the hands strnct'°n of such engineer or engineers taken from private life as he may desire : And provided fui'ther, That the President is hereby expressly attorneys for inves- authorized, without regard to the restriction or limitation of an tigating undue advan- tages gi ven p riv ate other statute, to select attorneys and assistants for the purpose of persons, etc. making any investigation he may deem proper to ascertain whether, in the control and management of Darn Numbered 2, or any other dam or property owned by the Government in the Tennessee River Basin, or in the au thoriz ation of any improv ement therei n, the re has been any undue or unfair advantage given to private persons, part- nerships, or corporations, by any officials or employees of the Gov- ernment, or whether in any such matters the Government has been injured or unjustly deprived of any of its rights. SEC. 18 . In order to enable and empower the Secretary of War, Cove Creek Dam. the Secretary of the Interior, or the board to carry out the authority etc., to exercise right of hereby conferred, in the most economical and ehicient manner, he em inen t domain to hereby obtain site for. or it is hereby authorized and empowered in the exercise of the powers of national defense in aid of navigation. and in the control
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