33 U.S.C. § 984 : US Code - Section 984: General powers of Corporation

Search 33 U.S.C. § 984 : US Code - Section 984: General powers of Corporation

(a) For the purpose of carrying out its functions under this
chapter the Corporation -
(1) shall have succession in its corporate name;
(2) may adopt and use a corporate seal, which shall be
judicially noticed;
(3) may sue and be sued in its corporate name;
(4) 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;
(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
northern 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 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;
(8) 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;
(9) 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;
(10) may retain toll revenues for purposes of eventual
reinvestment in the Seaway.(!1)
(11) 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;
(12) 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
(13) (!2) shall be credited with amounts received from any of
the activities authorized by clauses (10) and (11) (!3) of this
subsection.
(13) (!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.
(b) Amounts credited under subsection (a)(12) (!3) of this
section are available to pay any obligation or expense of the
Corporation under this chapter, except as specifically provided in
subsection (a)(11) (!3) of this section.