The Birmingham age-herald., 1922-04-09

of this act is to regulate the sale of fertilizer to persons engaged in agriculture with a view of prevent ing the control of the price of such fertilizer by monopoly, or the sale thereof at unreasonable prices"
 The resolution follows in part:
 Text of Resolution
 "Said corporation is authorized to negotiate with the Alabama Power company for the purpose of settling the difficulties existing between the government of the United States and the power company by virtue of the joint ownership of the power plant at Gorgas, Ala; and 1t is authorized to sell the interest of the govern ment of the United States in said plant to the said Alabama Power com pany. and to use the money received therefor in the operation of it's busi- ness as hereinbefore described; pro vided, however, that no such sale and no such agreement shall be valid or binding until approved by the Presi- dent of the United states.
 Said corporation shall proceed to remodel nitrate plant No. 1 at Muscle Shoals, so that the same may be used for the manufacture of explo- siyes and for the manufacture of fer tilizer; and proceed to erect the nee- essary buildings and install the neces- sary machinery so that nitrate plant No. 2 may be used for the manufac- ture of fertilizer. It shall be the duty of said board, through the oper- ations of its laboratories and experi- mental plants to devise and install improvements in nitrate plans Nos. l and as such experiments and developments may in the judgment of the said board, eb deemed advisa- ble.
 May Sell Surplus
 Tn case all of the power developed al dams Nos. l and 2, and at any other dam or dams constructed by the Secretary of War under the pro- visions of this act and turned over to the corporation, cannot be used to practical advantage and is not neces- sary for the manufacture of fertilizer or for explosives as herein provided the board may in it's discretion, sell any such surplus power so developed, to any state, municipality, district, corporation, partnership or person, upon such terms and under such con ditions as the board may deem just; and If there is demand for the pur- chase of such surplus power from both private and public interests, the board shall give precedence in the sale thereof, to states, counties and municipalities. and if the sale of any Such surpluS power is made to pri- vate individuals, partnerships, or cor porations. the board may as one of the conditions of such sale, provide in it's contract of such sale for the regulation of the price at which any such Individual, partnership or cor poration shall charge the consumer in resale of such power.
 From time to time the Secretary or War shall notify said board of the approximate amount of explosives that in his judgment will be needed ny the army and navy and it shall be the duty of the board to supply the ar my and navy with the amount of explosives so required: and in time of war, or at any other time when in the opinion of the President of the Jnitel States, war is imminent. the President may take full possession of all of the property herein described ana use the same for the manufac- ture of explosives to be used by the army and navy; or, in such case. the President may, if he so elects, direct the board to cease either in part or wholly, the manufacture of fertilizer and to utilize said property to such extent as he may direct, in the opera ton of explosives.
 "FEe principal place of business of said corporation shall be established by the board at or near Muscle Shoals, Ala"