Page:United States Statutes at Large Volume 48 Part 1.djvu/89

73d CONGRESS . SESS. I. CH. 32. MAY 18, 1933 . illegal monopo ly, combinati on, or trust with any priva tely owned corporation engaged in the manufacture, production, and sale of fertilizer with the object or effect of increasing the price of fertilizer to the farmer . SEC . 6. In the appointment of officials and the selection of employees for said Corporat ion, and in t he promotion o f any such employees or officials, no political test or qualification shall be per- mitted or given consideration, but all such appointments and pro- motions shall be given and made on the basis of merit and efficiency . Any member of said board who is found by the President of the United States to be guilty of a violation of this section shall be removed from office by the President of the United States, and any appointee of said board who is found by the board to be guilty ora violation of this section shall be removed from office by said board . SEC. 7. In order to enable the Corporation to exercise the powers and duties vested in it by this Act- (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 hereby intrusted to the Corporation for the purposes of this Act . (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 . SEC . 8 . (a) The Corporation shall maintain its principal office in the immedia te vicinity o f Muscle Shoa ls, Alabama . T h e Corpo- ration shall be held to be an inhabitant and resident of the northern judicial district of Alabama within the meaning of the laws of the United States relatin g to t he venu e of ci vil su its . (b) The Corporation shall at all times maintain complete and accurate books of accounts . (c) Each member of the board, before entering upon the duties of his office, shall subscribe to an oath (or affirmation) to support the Constitution of the United States and to faithfully and impar- tially perform the duties imposed upon him by this Act . SE C. 9 . (a) The board shall file with the President and with the Congress, in December of each year, a financial statement and a complete report as to the business of the Corporation covering the preceding governmental fiscal year . This report shall include an itemized statement of the cost of power at each power station, the total number of employees and the names, salaries, and duties of those receiving compensation at the rate of more than $1,500 a year. (b) The Comptroller General of the United States shall audit the transactions of the Corporation at such times as he shall deter- mine, but not less frequent ly than once each governmen tal fiscal year, with personnel of his selection . In such connection he and his representatives shall have free and open access to all papers, 63 No political test in appo intments, pr omo- tions . Penalty for violation . Powers and duties ves ted in Corpo ration . Designated property, etc ., entrust ed . Transfer of other property. Principal office of Corpo rati on . Com plete accoun ts to be maintained oath of of fice . Financial statement and report to be filed annually Items to be included. Au diting tran sac- tions . Full access to books, etc.