Page:United States Statutes at Large Volume 92 Part 1.djvu/1329

 PUBLIC LAW 95-462—OCT. 14, 1978 The Commission shall constitute a public body corporate and shall have, in addition to those set forth specifically in this Act, all powers necessary or convenient to effect the purposes for which it has been established under and by the terms of this Act, together with all powers incidental thereto or necessary to the discharge of its said powers and duties. "ARTICLE X. The Commission, its property and income and all bonds issued by the Commission, the income from such bonds, or from the investment of such income, and all conveyances, leases, mortgages, and deeds of trust by or to the Commission shall be exempt from all taxation in the State of Alabama and the State of Georgia. "ARTICLE X I. All obligations incurred by the Commission and all bonds issued by it shall be solely and exclusively an obligation of the Commission and shall not create an obligation or debt of the State of Alabama or the State of Georgia or any county or municipality of either. "ARTICLE X II. The Commission shall maintain at all times accurate records and books of account covering revenues and expenditures, Such records and books shall be available for audit at any time by the department of examiners of public accounts, and shall be audited at least every two years in the same manner as audits are made of other State agencies and departments.". SEC. 2. The Congress consents to the foregoing Historic Chattahoochee Compact between the States of Alabama and Georgia subject to the understanding that nothing contained therein shall be construed to confer upon the joint agency established thereiby and known as the Historic Chattahoochee Commission, or upon any other person, the right of eminent domain. SEC. 3. The right to alter, amend, or repeal this Act is expressly reserved. "ARTICLE YK.

Approved October 14, 1978.

LEGISLATIVE HISTORY: HOUSE REPORT No. 95-1636 (Coram, on the Judiciary). CONGRESSIONAL RECORD, VoL 124 (1978): Oct. 2, considered and passed House. Oct. 3, considered and passed Senate.

39-194 O—80—pt. 1

84: QL3

92 STAT. 1275 Powers,

Taxation, exemption,

Obligations,

Records and accounts.

Consent of Congress,

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