Tennessee Valley Authority, Heaaring Before a Subcommittee on S. 1796 ..., May 10, 17, 19391939 - 333 pages |
Expressions et termes fréquents
acquire acquisition ad valorem taxes agency Alabama Power Alabama Power Co amendment amount believe bill bituminous coal bonds CHAIRMAN Chattanooga city of Chattanooga CLASON closing date coal industry committee Commonwealth & Southern competition Congress consumers contract cost course dams deal distribution systems district EBLEN effect ELSTON facilities Fannin County Federal Government FITTS flood control gentlemen Gilbertsville going Governor COOPER HARNESS HARTER hereunder hydro hydroelectric power interest kilowatt-hour KRUG legislation loss ment mines municipalities Nashville Norris Dam operation percent power company preferred stock present private utilities produced Progressive Mine Workers properties question railroad rates represent respective Purchasers revenue SALMON sell Seller Senate situation sold SPARKMAN statement steam plants taxpayers Tenn Tennessee Electric Power Tennessee River Tennessee Valley Authority territory thing THOMASON tion tonnage tons transmission lines understand Walker County western Kentucky WHELCHEL WILHOITE WILLKIE
Fréquemment cités
Page 164 - Authority— a corporation clothed with the power of government but possessed of the flexibility and initiative of a private enterprise. It should be charged with the broadest duty of planning for the proper use, conservation and development of the natural resources of the Tennessee River drainage basin and its adjoining territory for the general social and economic welfare of the nation.
Page 53 - All obligations issued by the Authority 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 authority or control of the United States or of any officer or officers thereof.
Page 306 - River drainage basins; and shall have power to acquire or construct power houses, power structures, transmission lines, navigation projects, and incidental works in the Tennessee River and its tributaries, and to unite the various power installations into one or more systems by transmission lines.
Page 85 - We are fully aware that the contrary proposition has been stated by the great majority of the courts of this country, including the supreme court of the United States. The unanimity with which it is stated is perhaps only equaled by the paucity of reasoning by which it is supported. In its simplest form it is thus stated : "The right to take property by devise or descent is the creature of the law and not a natural right.
Page 53 - 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 306 - Shall have power to construct such dams, and reservoirs, in the Tennessee River and its tributaries, as in conjunction with Wilson Dam, and Norris, Wheeler, and Pickwick Landing Dams, now under construction, will provide a nine-foot channel in the said river and maintain a water supply for the same, from Knoxville to its mouth...
Page 199 - One last point that I would like to bring to the attention of the subcommittee has to do with the 24-hour rule.
Page 53 - In the event that the Corporation should not pay upon demand, when due, the principal of, or interest on, such bonds, the Secretary of the Treasury shall pay to the holder the amount thereof, which is hereby authorized to be appropriated out of any moneys 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 bonds.
Page 327 - SEC. 15. In the construction of any future dam, steam plant, or other facility, to be used in whole or in part for the generation or transmission of electric power the board is hereby authorized and empowered to issue...
Page 164 - Congress, to make such surveys and general plans for said Tennessee basin and adjoining territory as may be useful to the Congress and to the several States in guiding and controlling the extent, sequence and nature of development...