§ 984. General powers of Corporation

Statutory text

For the purpose of carrying out its functions under this chapter the Corporation—

shall have succession in its corporate name;

may adopt and use a corporate seal, which shall be judicially noticed;

may sue and be sued in its corporate name;

may adopt, amend, and repeal bylaws, rules, and regulations governing the manner in which its business may be conducted and the powers vested in it may be exercised;

may make and carry out such contracts or agreements as are necessary or advisable in the conduct of its business;

shall be held to be an inhabitant and resident of the northern judicial district of New York within the meaning of the laws of the United States relating to venue of civil suits;

may appoint and fix the compensation, in accordance with the provisions of chapter 51 and subchapter III of chapter 53 of title 5, of such officers, attorneys, and employees as may be necessary for the conduct of its business, define their authority and duties, and delegate to them such of the powers vested in the Corporation as the Administrator may determine;

may acquire, by purchase, lease, condemnation, or donation such real and personal property and any interest therein, and may sell, lease, or otherwise dispose of such real and personal property, as the Administrator deems necessary for the conduct of its business;

shall determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed and paid, subject to provisions of law specifically applicable to Government corporations;

may retain toll revenues for purposes of eventual reinvestment in the Seaway.1

may provide services and facilities necessary in the maintenance and operation of the seaway, including but not limited to providing, at reasonable prices, services to vessels using the seaway and to visitors to the seaway, but not to include overnight housing accommodations for visitors;

may participate with the Saint Lawrence Seaway Authority of Canada, or its designee, in the ownership and operation of a toll bridge company: Provided, That the United States’ portion of the revenue from the tolls charged to the users of any toll bridge operated under this section shall be applied solely to the cost of the bridge and approaches, including maintenance and operation, amortization of principal and interest, as established by the Secretary of the Treasury; and

 2 shall be credited with amounts received from any of the activities authorized by clauses (10) and (11) 3 of this subsection.

 ² shall accept such amounts as may be transferred to the Corporation under section 9505(c)(1) of title 26, except that such amounts shall be available only for the purpose of operating and maintaining those works which the Corporation is obligated to operate and maintain under subsection (a) of section 983 of this title.

Amounts credited under subsection (a)(12) ³ are available to pay any obligation or expense of the Corporation under this chapter, except as specifically provided in subsection (a)(11).³

Footnotes

1 So in original. The period probably should be a semicolon.
2 So in original. There are two pars. designated (13).
3 Clauses (10), (11), and (12) redesignated (11), (12), and (13) by Pub. L. 97–369.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1954
May 13, 1954, ch. 201, § 4, 68 Stat. 94 · 68 Stat. 94
Enacted · 33 U.S.C. § 984
May 13, 1954, ch. 201, § 4, 68 Stat. 94
Source evidence
Code source credit
May 13, 1954, ch. 201, § 4, 68 Stat. 94
1957
Pub. L. 85–108 § 1(1) · 71 Stat. 307
Added · 33 U.S.C. § 984(a)(10)(12)(b)
Pub. L. 85–108 added pars. (10) to (12) and subsec. (b)
Source evidence
Code amendment note
Subsecs. (a)(10) to (12), (b). Pub. L. 85–108 added pars. (10) to (12) and subsec. (b).
Enacted provision · exact public law section
(1) Section 4 (a) (8) is amended by striking out the word “and” at the end thereof.
1972
Pub. L. 92–310 title II § 232 · 86 Stat. 201
Struck · 33 U.S.C. § 984(a)(7)
Pub. L. 92–310 struck out provisions which empowered the Corporation to require bonds from such officers, attorneys, and employees as the Administrator might designate
Source evidence
Code amendment note
Subsec. (a)(7). Pub. L. 92–310 struck out provisions which empowered the Corporation to require bonds from such officers, attorneys, and employees as the Administrator might designate.
Enacted provision · exact public law section
Sec. 232. title 33, united states code Section 4(a)(7) of the Act entitled “An Act for creation of the Saint Lawrence Seaway Development Corporation to construct part of the Saint Lawrence Seaway in United States territory in the interest of national security; authorizing the Corporation to consummate certain arrangements with the Saint Lawrence Seaway Authority of Canada relative to construction and operation of the seaway; empowering the, Corporation to finance the United States share of the seaway cost on a self-liquidating basis; to establish cooperation with Canada in the control and operation of the Saint Lawrence Seaway; to authorize negotiations with Canada of an agreement on tolls; and for other purposes”, approved May 13, 1954 (68 Stat. 94; 33 U.S.C. 984(a)(7)), relating to the power of Corporation to require fidelity bonds of its employees, is amended— (1) by inserting “and” immediately before, “delegate”; and (2) by striking out “, require bonds of such of them as the Administrator may designate, and fix the penalties and pay the premiums on such bonds”
1982
Department of Transportation and Related Agencies Appropriations Act, 1983
Pub. L. 97–369 title III § 311 · 96 Stat. 1765
1. Added · 33 U.S.C. § 984(a)(10)(13)
  Pub. L. 97–369 added par. (10)
2. Redesignated · 33 U.S.C. § 984(a)(10)(13)
  Pub. L. 97–369 redesignated former pars. (10) to (12) as (11) to (13), respectively
Source evidence
Code amendment note
Subsec. (a)(10) to (13). Pub. L. 97–369 added par. (10) and redesignated former pars. (10) to (12) as (11) to (13), respectively.
Enacted provision · exact public law section
Sec. 311. Notwithstanding any other provision of law, any bond issued under section 5 of the Act of May 13, 1954 (68 Stat. 94; 33 U.S.C. 985), is hereby canceled together with the obligation to pay 33 USC 988. such bond and section 12(b)(5) of such Act is hereby repealed: Provided, That paragraphs (10), (11), and (12) of section 4 of the Act 33 USC 984. of May 13, 1954, are hereby redesignated as paragraphs (11), (12), and (13) respectively and a new paragraph (10) is enacted to read as follows: “(10) may retain toll revenues for purposes of eventual reinvestment in the Seaway.”.
1986
Pub. L. 99–662 title XIV § 805(a)(1) · 100 Stat. 4082
Added · 33 U.S.C. § 984(a)(13)
Pub. L. 99–662 added par. (13) relating to acceptance of amounts transferred to the Corporation under section 9505(c) of title 26
Source evidence
Code amendment note
Subsec. (a)(13). Pub. L. 99–662 added par. (13) relating to acceptance of amounts transferred to the Corporation under section 9505(c) of title 26.
Enacted provision · exact public law section
SEC. 805. LAKE PONTCHARTRAIN, LOUISIANA. Subject to section 903(b) of this Act, the hurricane-flood protection Flood control. project for Lake Pontchartrain, Louisiana, authorized by section 204 of the Flood Control Act of 1965 (Public Law 89–298) is modified to 79 Stat. 1074. provide that the Secretary is authorized to construct features, such as a flood wall with sluice gates or other means, at a total cost of $3,500,000, with an estimated first Federal cost of $2,275,000 and an estimated first non-Federal cost of $1,225,000, to ensure that, by the most economical means, the level of protection within Jefferson Parish provided by the hurricane-flood protection project will be unimpaired as the result of any pumping station constructed by local interests. Requirements for non-Federal cooperation for the additional work authorized by this section shall be on the same basis as levee improvements for hurricane-flood protection on this project.
Effective date note
Pub. L. 99–662, title XIV, § 805(b), Nov. 17, 1986, 100 Stat. 4272, provided that: “The amendments made by this section [enacting section 988a of this title and amending this section] shall take effect on April 1, 1987.”

5 of 6 references resolved to an enrolled provision · 1 partial

Editorial Notes

Codification

In subsec. (a)(7), “chapter 51 and subchapter III of chapter 53 of title 5” substituted for “the Classification Act of 1949” on authority of Pub. L. 89–554, § 7(b), Sept. 6, 1966, 80 Stat. 631, the first section of which enacted Title 5, Government Organization and Employees.

Amendments1957–1986 · 4 rounds

1986

Subsec. (a)(13). Pub. L. 99–662 added par. (13) relating to acceptance of amounts transferred to the Corporation under section 9505(c) of title 26.

1982

Subsec. (a)(10) to (13). Pub. L. 97–369 added par. (10) and redesignated former pars. (10) to (12) as (11) to (13), respectively.

1972

Subsec. (a)(7). Pub. L. 92–310 struck out provisions which empowered the Corporation to require bonds from such officers, attorneys, and employees as the Administrator might designate.

1957

Subsecs. (a)(10) to (12), (b). Pub. L. 85–108 added pars. (10) to (12) and subsec. (b).

Statutory Notes and Related Subsidiaries

Effective Date of 1986 Amendment

Pub. L. 99–662, title XIV, § 805(b), Nov. 17, 1986, 100 Stat. 4272, provided that: “The amendments made by this section [enacting section 988a of this title and amending this section] shall take effect on April 1, 1987.”

Credits

1954–1986 · 5 acts

1954May 13, 1954, ch. 201, § 4, 68 Stat. 94
1957Pub. L. 85–108, § 1(1)–(3), July 17, 1957, 71 Stat. 307
1972Pub. L. 92–310, title II, § 232, June 6, 1972, 86 Stat. 214
1982Pub. L. 97–369, title III, § 311, Dec. 18, 1982, 96 Stat. 1783
1986Pub. L. 99–662, title XIV, § 805(a)(1)–(3), Nov. 17, 1986, 100 Stat. 4272.

Show as published

(May 13, 1954, ch. 201, § 4, 68 Stat. 94; Pub. L. 85–108, § 1(1)–(3), July 17, 1957, 71 Stat. 307; Pub. L. 92–310, title II, § 232, June 6, 1972, 86 Stat. 214; Pub. L. 97–369, title III, § 311, Dec. 18, 1982, 96 Stat. 1783; Pub. L. 99–662, title XIV, § 805(a)(1)–(3), Nov. 17, 1986, 100 Stat. 4272.)