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U.S. Code as of:
01/19/04
Section 831f. Control of plants and property vested in Corporation; transfer of other property to Corporation
In order to enable the Corporation to exercise the powers and
duties vested in it by this chapter -
(a) The exclusive use, possession, and control of the United
States nitrate plants numbered 1 and 2, including steam plants,
located, respectively, at Sheffield, Alabama, and Muscle Shoals,
Alabama, together with all real estate and buildings connected
therewith, all tools and machinery, equipment, accessories, and
materials belonging thereto, and all laboratories and plants used
as auxiliaries thereto; the fixed-nitrogen research laboratory, the
Waco limestone quarry, in Alabama, and Dam Numbered 2, located at
Muscle Shoals, its power house, and all hydroelectric and operating
appurtenances (except the locks), and all machinery, lands, and
buildings in connection therewith, and all appurtenances thereof,
and all other property to be acquired by the Corporation in its own
name or in the name of the United States of America, are intrusted
to the Corporation for the purposes of this chapter.
(b) The President of the United States is authorized to provide
for the transfer to the Corporation of the use, possession, and
control of such other real or personal property of the United
States as he may from time to time deem necessary and proper for
the purposes of the Corporation as herein stated.
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