Senate Bill S.2150, Provides for the Creation of the Saint Lawrence Development Corporation

S.2150 Check Eighty-third Congress of the Minited States of America AT THE SECOND SESSION Begun and held at the City of Washington on Wednesday, the sixth day of January, one thousand nine hundred and fifty-four An Act Providing 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 Corpo- ration to finance the United States share of the seaway cost on a self-liqui- dating basis: to establish cooperation with Canada in the control and opera- tion of the Saint Lawrence Seaway to authorize negotiations with Canada of an agreement on tolls: and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, CREATION OF CORPORATION SECTION 1. There is hereby created, subject to the direction and supervision of the President, or the head of such agency as he may designate, a body corporate to be known as the Saint Lawrence Sea- way Development Corporation (hereinafter referred to as the "Cor- poration"). MANAGEMENT OF CORPORATION SEC. 2. (a) The management of the Corporation shall be vested in an Administrator who shall be appointed by the President, by and with the advice and consent of the Senate, and who shall receive com- pensation at the rate of $17,500 per annum. (b) To assist the Administrator in the execution of the functions vested in the Corporation there shall be a Deputy Administrator who shall be appointed by the President, by and with the advice and con- sent of the Senate, and who shall receive compensation at the rate of $16,000 per annum. The Deputy Administrator shall perform such duties as the Administrator may from time to time designate, and shall be acting Administrator and perform the functions of the Admin- istrator during the absence or disability of the Administrator or in the event of a vacancy in the Office of the Administrator. (c) There is hereby established the Advisory Board of the Saint Lawrence Seaway Development Corporation, which shall be com- posed of five members appointed by the President, by and with the advice and consent of the Senate, not more than three of whom shall belong to the same political party. The Advisory Board shall meet at the call of the Administrator, who shall require it to meet not less often than once each ninety days; shall review the general policies of the Corporation, including its policies in connection with design and construction of facilities and the establishment of rules of measure- ment for vessels and cargo and rates of charges or tolls; and shall advise the Administrator with respect thereto. Members of the Advisory Board shall receive for their services as members com- pensation of not to exceed $50 per diem when actually engaged in the performance of their duties, together with their necessary traveling expenses while going to and coming from meetings. FUNCTIONS OF CORPORATION SEC. 3. (a) The Corporation is authorized and directed to construct, in United States territory, deep-water navigation works substantially in accordance with the "Controlled single stage project, 238-242" (with a controlling depth of twenty-seven feet in channels and canals and locks at least eight hundred feet long, eighty feet wide, and thirty feet over the sills), designated as "works solely for navigation" in the joint