§831f Control of Plants and Property Vested in Corporation; Transfer of Other Property to Corporation

Summary

Gives the Corporation exclusive control of the United States nitrate plants numbered 1 and 2 at Sheffield, Alabama, and Muscle Shoals, Alabama, including their steam plants, nearby land and buildings, tools, machinery, equipment, materials, labs and auxiliary plants; the fixed‑nitrogen research laboratory; the Waco limestone quarry in Alabama; Dam Numbered 2 at Muscle Shoals, its power house and hydroelectric equipment (except the locks); and other related property the Corporation acquires in its own name or in the name of the United States. The President may transfer other federal real or personal property to the Corporation when he finds it necessary and proper for the Corporation’s purposes.