Word: organizedâ
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Dates: during 1924-1924
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...that the Secretary of War is to lease the plant for 50 years to a private enterprise, on these conditions and on others concerning the disposal of surplus power, etc.; 5) that if the plant has not been leased by July 1, 1925, a Government corporation is to be organized???its stock to belong to the U. S., its bonds (at 5% and not exceeding $50,00,000 in total) to be sold to the public, all profits after deductions for improvements, payment of interest, reserve, etc., to go to the U. S. Treasury...
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