National Highway Program: Hearings Before the Committee on Public Works, House of Representatives, Eighty-fourth Congress, First Session, on H. R. 4260, to Create a Federal Highway Corporation for Financing the Construction of the National System of Interstate Highways; to Amend and Supplement the Federal-aid Road Act Approved July 11, 1916 (39 Stat. 355), as Amended and Supplemented; and for Other Purposes ...

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U.S. Government Printing Office, 1955 - 1339 pages

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Page 4 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 604 - Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.
Page 9 - Individuals so employed may be compensated at rates not in excess of $50 per diem and while away from their homes or regular places of business they may be allowed transportation and not to exceed $15 per diem in lieu of subsistence and other expenses while so employed.
Page 3 - 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...
Page 4 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the bank.
Page 2 - That the management of the Corporation shall be vested in a board of directors, consisting of...
Page 3 - ... to be redeemable at the option of the corporation before maturity in such manner as may be stipulated in such obligations...
Page 4 - The annual billings shall also include a statement of the fair portion of the cost of the administration of the respective funds, which shall be paid by...
Page 524 - The roads are more destroyed really by climatic and soil conditions than they are by any use that is made of them by the public.
Page 616 - The nation, speaking broadly, owes a 'debt' to an individual when his claim grows out of general principles of right and justice ; when, in other words, it is based upon considerations of a moral or merely honorary nature, such as are binding on the conscience or the honor of an individual, although the debt could obtain no recognition in a court of law.

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