Page:United States Statutes at Large Volume 49 Part 1.djvu/1121

 1076 74i'$ CONGRESS. SESS. I. CH. 836 . AUGUST 31, 1935. Vol.48,p.61. SEC. 3 . That said section 4 of said Act be, and the same is hereby, further amended by adding a new subdivision, (k), at the end of said section as follows Authority for dis- "(k) At any time before the expiration of five years from the date posal of unnecessary re al pro perty . when this se ction, as amen ded, becomes la w may in the na me of and as agent for the United States and subject to approval of the Presi- dent, dispose of any of such real property as in the judgment of the Board may be no longer necessary in carrying out the purposes of this Act, but no land shall be conveyed on which there is a permanent dam, hydrau lic pow er pla nt, fe rtiliz er plan t or m unitio ns pla nt, he re- tofore or hereafter built by or for the United States or for the Authority ." Vol.48,p.61;U .S.C., SEC. 4. That subdivision (c) of section 5 of said Act be, and the p. 703, same is hereby, amended to read as follows : Authority of Bo ard "( c)" To cooperate with National, State, district, or county experi- to coope rate fo r use of new forms of fertilizer. men tal stat ions or demo nstr atio n fa rms, wit h fa rmer s, l ando wner s, and associations of farmers or landowners, for the use of new forms of fertilizer or fertilizer practices during the initial or experimental peri od of their introd uction, and f or pro moting the p reventi on of soil erosion by the use of fertilizers and otherwise ." Vol.48,p.64 . SEC . 5 . That said Act be, and the same is hereby, further amended by adding a new section after section 9 of said Act, as follows Regulation of stream " SEC. 9a. The Board is hereby directed in the operation of any dam flow at dams. or r eservo ir in its po ssessio n and contro l to r egulat e the s tream flow primaril y for the purpo ses of promoti ng navigation a nd controlling forOperationveof facilities lopme nt floods. So far as may be consistent with such purposes, the Board is wer authoriz ed to provide a nd operate fac ilities for the generation of electric energy at any such dam for t he use of the C orporation and for the use of the United States or any agency thereof, and the Board is further authorized, whenever an opportunity is afforded, to p rovide and o perate facili ties f or the gener ation of elec tric e nergy in order to avoid the waste of water power, to transmit and market such pow er as in this a ct provided, a nd thereby, so far as may be practicable, to assist in liquidating the cost or aid in the maintenance of the projects of the Authority ." p. 701 .48, p.64; U.S. C., SEC . 6 . That section 10 of said Act be, and the same is hereby, sales of surplus amended by adding thereto a proviso as follows : "Provided further, power; terms and con- ditions of contracts. That the Board is authorized to include in any contract for the sale of power such terms and conditions, including resale rate schedules, and to provide for such rules and regulations as in its judgment may be necessary or desirable for carrying out the purposes of this failuretoco Ply ct on Act, and in case the pu rchaser shall fail to comply with any such terms and conditions, or violate any such rules and regulations, said contract may provide that it shall be voidable at the election of the Acqu isitio n of e xist- ing facilities. Board : Provided further That in order to supply farms and small vill ages w ith el ectric power direct ly as contem plated by thi s sect ion, th e Boar d in it s disc retion shall have power t o acqu ire ex isting elec- tric facilities used in serving such farms and small villages : And Te rm construe , provided further, That the terms `States', ` counties', and ` munici- ties" ; "municipali- pali ties' as use d in t his Act shall be co nstrue d to i nclude the pu blic ties." agencies of any of them unless the context requires a different construction ." Vol. 48, p.66; U.S. C., SEC. 7. That said Act be, and the same is hereby, further amended p.704. by adding a new section after section 12 of said Act, as follows Authority of Board "SEC . 12a . In order (1) to facilitate the disposition of the surplus to extend credit for ac- quiring distribution fa- power of the Corporation according to the policies set forth in this cillties,etc . Act ; (2) to give ef fect to the priority herein accorded to States, counties, municipalities, and nonprofit organizations in the purchase