The Birmingham age-herald., 1924-12-03

and in the name Muscle Shoals Corpo- ration, have power
 First, to adopt and use a corporate seal
 Second, to have succession for period of fifty years from its organlZa- ton, unless it is sooner dissolved by an act of congress, or unless its iran chise becomes forfeited by some viola tion of law;
 Third, to make contracts, and no such contract shall extend beyond the period of the life of the corporation;
 Fourth, to sue and be sued, complaint, and defend in any court Of law or equity;
 Fifth, to appoint by its board of di- rectors such officers and employees as are not otherwise provided for in this act to define their duties, to fix their salaries, in its discretion to require bonds of any of them, and to fix the penalty thereof, and to dismiss at pleas ure any of such officers or employees;
 Sixth, to prescribe by its board of di- rectors bylaws not inconsistent with law regulating the manner in which its general business may be conducted and the privileges granted to it by law may be exercised and enjoyed.
 Seventh, to exercise by its board of directors or duly authorized officers or agents all powers specifically granted by the provisions of this act and such incidental powers as shall be neces- sary to carry on the business for which is incorporated within the limitations prescribed by this act, but such cor poration shall transact no business ex- cept such as is incidental and neces- sary preliminary to it's organization un- til it has been authorized by the sec retary of war to commence business un- der the provisions of this act.
 Under Board of Directors
 The corporation shall be conducted under the supervision and control of a board of directors, consisting of five members, to be elected by the president. The directors so appointed shall hold office at the pleasure of the president. The secretary of war shall be ex-of- ficio chairman of the board, and shall have power to designate one of the d1- rectors as vice-chairman. The vice chairman shall perform the duties of chairman in the absence of the secre- tary of war. Not more than two of such directors shall be appointed from officers in the war department.
 The board of directors shall perform the duties usually appertaining to the office of directors of private corpora tions, and such other duties as are pre- scribed by law.
 Powers Of The Corporation
 The corporation shall have power
 (a) To purchase, acquire, operate, and develop in the maner prescribed by this act and subject to the limitations t1n fnll q properties owned by the United States: :
 l. United States nitrate fixation plants, Numbered 1 and 2, located, re- spectively, at Sheffield, Alabama, and Muscle Shoals, Alabama, together with (a) all real estate used in connection herewith; (b) all tools, machinery, equipment, accessories, and materials thereunto belonging (c) all laboratories and plants used as' auxiliaries thereto, the Waco limestone quarry in Ala bama, dam Number ? at Muscle Shoals, and the hydroelectric power plant con- nected herewith, together with the steam plants used as auxiliaries of the United States fixed nitrogen plants Numbered 1 and ?. Together with all other property described in Section l of this act.
 ?. To construct, purchase, maintain, and operate all such buildings, plants, and machinery as may be necessary for the production, manufacture, sale and distribution of fixed nitrogen and other forms of commercial fertilizer.
 3. Any other plants or parts of plant equipment, accessories, or other prop critics belonging to the United States, which are under the direct control of the President or of the war department, and which the President of the sec retary of war may deem it advisable to transfer, convey, or deliver to said corporation for use in connection with any of the purposes of this act, or for any purpose incidental thereto.
 (b) To acquire, establish, main'
 tain. and operate such other labOra-
 tories and experimental plants as
 May be deemed necessary or advis-
 ;L,le to assist it in furnishing to
 the United States government and
 others, at all times, nitrogen prod
 uctS for military or other purposes
 in the most economical manner and
 of the highest standard of eff
 cheney.
 (cJ To sell to the United States such, nitrogen products as may be man.