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S. 2150-2 report dated Jannary 3, 1941, of the Canadian Temporary Great Lakes-Saint Lawrence Basin Committee and the United States Saint Lawrence Advisory Committee, in the International Rapids section of the Saint Lawrence River together with necessary dredging in the Thousand Islands section: and to operate and maintain such works in coordination with the Saint Lawrence Seaway Authority of Canada, created by chapter 24 of the acts of the fifth session of the Twenty- < first Parliament of Canada 15-16, George VI (assented to December 21, 1931) : Provided, That the Corporation shall not proceed with the aforesaid construction unless and until- (1) the Saint Lawrence Seaway Authority of Canada provides assurances satisfactory to the Corporation that it will complete the Canadian portions of the navigation works authorized by section 10, chapter 24 of the acts of the fifth session of the Twenty- first Parliament of Canada R--16, George VI, 1951, as nearly as possible concurrently with the completion of the works authorized by this section: (2) the Corporation has received assurances satisfactory to it that the State of New York, or an entity duly designated by it, or other licensee of the Federal Power Commission, in conjunction with an appropriate agency in Canada, as nearly as possible concurrently with the navigation works herein authorized, will construct and complete the dams and power works approved by the International Joint Commission in its order of October 29, 1952 (docket 68) or any amendment or modification thereof. (b) The Corporation shall make necessary arrangements to assure the coordination of its activities with those of the Saint Lawrence Senway Authority of Canada and the entity designated by the State of New York, or other licensee of the Federal Power Commission, authorized to construct and operate the dams and power works author- ized by the International Joint Commission in its order of October 29, 1952 (docket 68) or any amendment or modification thereof. CORPORATE POWERS SEC. 4. (a) For the purpose of carrying out its functions under this joint resolution the Corporation- (1) shall have succession in its corporate name: (2) may adopt and use a corporate seal, which shall be judi- cially noticed; (3) may sue and be sued in its corporate name; (4) may adopt, amend, and repeal bylaws, rules, and regula- tions governing the manner in which its business may be conducted and the powers vested in it may be exercised: (5) may make and carry out such contracts or agreements as are necessary or advisable in the conduct of its business; (6) shall be held to be an inhabitant and resident of the north- ern judicial district of New York within the meaning of the laws of the United States relating to venue of civil suits; (7) may appoint and fix the compensation, in accordance with the provisions of the Classification Act of 1949, of such officers, attorneys, and employees as may be necessary for the conduct of its business, define their authority and duties, delegate to them such of the powers vested in the Corporation as the Administrator may determine, require bonds of such of them as the Adminis- trator may designate, and fix the penalties and pay the premiums on such bonds:

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Page context
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    "ocrText": "S. 2150-2\nreport dated Jannary 3, 1941, of the Canadian Temporary Great\nLakes-Saint Lawrence Basin Committee and the United States Saint\nLawrence Advisory Committee, in the International Rapids section of\nthe Saint Lawrence River together with necessary dredging in the\nThousand Islands section: and to operate and maintain such works in\ncoordination with the Saint Lawrence Seaway Authority of Canada,\ncreated by chapter 24 of the acts of the fifth session of the Twenty-\n<\nfirst Parliament of Canada 15-16, George VI (assented to December\n21, 1931) : Provided, That the Corporation shall not proceed with the\naforesaid construction unless and until-\n(1) the Saint Lawrence Seaway Authority of Canada provides\nassurances satisfactory to the Corporation that it will complete\nthe Canadian portions of the navigation works authorized by\nsection 10, chapter 24 of the acts of the fifth session of the Twenty-\nfirst Parliament of Canada R--16, George VI, 1951, as nearly as\npossible concurrently with the completion of the works authorized\nby this section:\n(2) the Corporation has received assurances satisfactory to it\nthat the State of New York, or an entity duly designated by it,\nor other licensee of the Federal Power Commission, in conjunction\nwith an appropriate agency in Canada, as nearly as possible\nconcurrently with the navigation works herein authorized, will\nconstruct and complete the dams and power works approved by\nthe International Joint Commission in its order of October 29,\n1952 (docket 68) or any amendment or modification thereof.\n(b) The Corporation shall make necessary arrangements to assure\nthe coordination of its activities with those of the Saint Lawrence\nSenway Authority of Canada and the entity designated by the State\nof New York, or other licensee of the Federal Power Commission,\nauthorized to construct and operate the dams and power works author-\nized by the International Joint Commission in its order of October\n29, 1952 (docket 68) or any amendment or modification thereof.\nCORPORATE POWERS\nSEC. 4. (a) For the purpose of carrying out its functions under this\njoint resolution the Corporation-\n(1) shall have succession in its corporate name:\n(2) may adopt and use a corporate seal, which shall be judi-\ncially noticed;\n(3) may sue and be sued in its corporate name;\n(4) may adopt, amend, and repeal bylaws, rules, and regula-\ntions governing the manner in which its business may be conducted\nand the powers vested in it may be exercised:\n(5) may make and carry out such contracts or agreements as\nare necessary or advisable in the conduct of its business;\n(6) shall be held to be an inhabitant and resident of the north-\nern judicial district of New York within the meaning of the laws\nof the United States relating to venue of civil suits;\n(7) may appoint and fix the compensation, in accordance with\nthe provisions of the Classification Act of 1949, of such officers,\nattorneys, and employees as may be necessary for the conduct of\nits business, define their authority and duties, delegate to them\nsuch of the powers vested in the Corporation as the Administrator\nmay determine, require bonds of such of them as the Adminis-\ntrator may designate, and fix the penalties and pay the premiums\non such bonds:"
}