74TH CON GRE YS. SESS.I. CI3S . 833, 836 . AUGUST 30, 31,1935 .
1075 and its approaches, including reasonable interest and financing cost, as soon as possible, under reasonable charges, but within a period of not to exceed 20 years from the completion thereof . After a sinking' hr~iaetenanmociize g sufficient for amortization shall have been so provided, said bridge costs . shall thereafter be maintained an d operated free of tolls, or the rates of toll shall thereafter be so adjusted as to provide a fund of not to exceed the amount necessary for the proper maintenance, repair, and operation of the bridge and its approaches under economical man- agement . An accurate record of the cost of the bride and its Record of efpe ndi- c
g
tures and receipts . approaches, the expenditures for maintaining, repairing, and oper- ating the same, and of the daily tolls collected shall be kept and shall be available for the information of all persons i nterested . SEC. 33 . The right to alter, amend, or repeal this Act is hereby expressly reserved . Approved, August 30, 1935 . [CHAPTER 836 .1 AN ACT
Augu st 31, 1935 . To amend an Act entitled "An Act to improve the navigability and to provide [H.R.8632.] for the flood control of the Tennessee River ; to provide for reforestation and [Public, No . 412.1 the proper use of marginal lands in the Tennessee Valley ; to provide for the agricultural and industrial development of said valley ; to provide for the na- tional defense by the creation of a corporation for the operation of Government prop erties at an d near Muscle Shoals in t he State of A labama, and for other purposes", approved May 18, 1933 . Be it enacte d by the Senate and Hou se o f Representatives o f th e United States o f America in Congress assembled, That s ubdiv ision (i) of section 4 of the Act entitled "An Act to improve the naviga- bility and to provide for the flood control of the Tennessee River ; to provide for reforestation and the proper use of marginal lands in the Te nness ee Val ley ; t o pro vide for t he ag ricul tural and indus trial development of said valley ; to provide for the national defense by the creation of a corporation for the operation of Government prop- erties at and near Muscle Shoals in the State of Alabama, and for other purposes ", approved May 18, 1933, be, and the same is hereby, am ended by ad ding theret o the follo wing provi so : " Prov ide d, That nothing contained herein or elsewhere in this Act shall be construed to deprive the Corporation of the rights conferred by the Act of February 26, 1931 (46 Stat. 1422, ch . 307, sees . 1 to 5, inclusive), as now compiled in section 258a to 258e, inclusive, of Title 40 of the Un ited S tates Code ." SEC . 2 . That subdivision (j) of said section 4 of said Act be, and the same is hereby, amended to read as follows "(j) 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 salve, from Knoxville to its mouth, and will best serve to promote navigation on the Tennessee River and its tributaries and control destructive flood waters in the Ten- nessee and Mississippi River drainage basins ; and shall have power to acquire or construct power houses, power structures, transmission li nes, naviga tion projec ts, a nd inc ident al wo rks in the Tennes see River and its tributa ries, and to uni te the various p ower installation s into one or more systems by transmission lines . The directors of the Authority are hereby directed to report to Congress their recom- m en da tio ns n ot . later t han April 1, 193 6, for the unifi ed development of the Tennessee River system ." I So in original . Amen dme nt . Tennessee Valley Au. thority Act of 1933; amen dments . "ol.48,p.60;U.S.C., p.02. .Post, p . 1607 . Rights of Corpora. ti on . Vol . 46, p. 1421
U.S.C.,p.1786 . Vol.48, p.61;U.S. C., p.702. Powers of C orpo ra- ti on . Construction of da ms and reservoirs
- location .
Acquisition or con- struction of power houses, transmission lines , etc . Recommendations for unified development of Tennessee River sys. tem.
