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
Committee Serial No. 84-5. Considers legislation to establish a Federal Highway Corporation to finance the construction of the interstate highway system. Includes examination of fiscal, engineering, safety, and right-of-way problems related to highway construction and examines impact of the interstate system on Federal-state relations, urban developments, and other modes of transportation.

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Page 634 - 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 2 - 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 366 - I do not want to take up the time of the committee but I am very much interested.
Page 1 - 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 373 - Mr. Chairman and members of the committee, it gives me great pleasure to appear before you and explain our request for a fiscal year 1971 supplemental appropriation.
Page 1 - ... are not guaranteed by the United States and do not constitute a debt or obligation of the United States or of any agency or instrumentality thereof other than the Corporation.
Page 7 - If any provision of this Act, or the application thereof to any person or circumstance, is held invalid, the remainder of this Act, and the application of such provision to other persons or circumstances, shall not be affected thereby.
Page 2 - 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 viii - That the management of the Corporation shall be vested in a board of directors, consisting of...
Page 641 - Doctor, at the bottom of page 3 and the top of page 4 of your statement...

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