§831f Control of plants and property vested in Corporation; transfer of other property to Corporation

Summary

Gives the Corporation sole use, possession, and control of the United States nitrate plants numbered 1 and 2 at Sheffield and Muscle Shoals, Alabama. That includes the steam plants, land, buildings, tools, machinery, equipment, materials, labs, and other related facilities. It also covers the fixed‑nitrogen research laboratory, the Waco limestone quarry in Alabama, Dam Numbered 2 at Muscle Shoals and its power house and hydroelectric equipment (but not the locks), and any other property the Corporation acquires in its own name or in the name of the United States. The President may transfer other United States real or personal property to the Corporation when he finds it necessary and proper for the Corporation’s purposes.