HEARINGS BEFORE THE COMMITTEE ON MILITARY AFFAIRS SEVENTIETH CONGRESS FIRST SESSION ON H. R. 8305, H. R. 7744, H. R. 6031, H. R. 10028 HEARINGS BEFORE THE COMMITTEE ON MILITARY AFFAIRS HOUSE OF REPRESENTATIVES SEVENTIETH CONGRESS FIRST SESSION ON H. R. 8305, H. R. 7744, H. R. 6031, H. R. 10028 The committee met at 10.30 o'clock a. m., Hon. John M. Morin. presiding. Mr. W. B. Bell, president of the American Cyanamid Co., was present in support of the Madden bill (H. R. 8305). That bill is printed herewith with certain amendments agreed to by Mr. Bell and the committee in italics. [H. R. 8305, Seventieth Congress, first session] A BILL To authorize and direct the Secretary of War to execute a lease with Air Nitrates Corporation and American Cyanamid Company, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of War is hereby authorized and directed, for and on behalf of the United States of America, to execute and enter into with Air Nitrates Corporation, a corporation organized and existing under the laws of the State of New York, and American Cyanamid Company, a corporation organized and existing under the laws of the State of Maine, the following lease: This indenture, made in triplicate this day of 192 by and between the United States of America (hereinafter called the lessor) acting by and through the Secretary of War, duly authorized so to do by Act of Congress approved on the day of 192, and Air Nitrates Corporation, a corporation organized and existing under and by virtue of the laws of the State of New York, with offices at Five hundred and thirty-five Fifth Avenue, New York City (hereinafter called the lessee), witnesseth: That in consideration of the sum of $1 paid by the lessee to the lessor, the receipt whereof is hereby acknowledged, of the rents to be paid and of the mutual covenants, stipulations, conditions, and agreements herein contained to be kept and performed by the parties, the lessor has granted, demised, and leased and by these presents doth grant, demise, and lease unto the lessee for the possession, use, operation, advantage, and enjoyment, under and consistent with the terms hereof, of the lessee and its successors and assigns, all the properties constituting what is generally known and designated as the "Muscle Shoals development" including all structures, plants, buildings, machinery, tools and equipment, franchises, rights, powers, and privileges for the construction, maintenance, use, and operation thereof, as well as all lands, tenements, easements, servitudes, rights of way, riparian rights, and the appliances, fixtures, and appurtenances thereunto belonging (as now or hereafter constituted and supplemented during the term of this lease by the acquisitions, constructions, and improvements hereinafter described) and embracing (but without in any way limiting the generality of the foregoing): (1) Dam Numbered 2 with its lands, water rights, power house, structures, and facilities, which shall include installed electrical generating equipment sufficient to generate there two hundred and forty thousand horsepower, all its hydroelectric and operating apparatus, appurtenances, accessories and facilities, trackage, transmission lines, telephone and telegraph lines, and electrical tie connection of a capacity of not less than one hundred and twenty thousand horsepower at suitable voltage connecting properly the power house at Dam Numbered 2 with the steam power plant at United States nitrate plant numbered 2, the necessary transformers and switching apparatus and all lands, 1 |