...a message to Congress that the development of Muscle Shoals would best be served by the creation of "a corporation clothed with the power of government...flexibility and initiative of a private enterprise. It should be charged with the broadest duty of planning for the proper use, conservation, and development...

...his message to Congress requesting legislation to create a Tennessee Valley Authority, TVA was to be a "corporation clothed with the power of government...flexibility and initiative of a private enterprise." Through the intervening half-century, TVA has never forgotten this original charge from the President...

...Authority, echoed Wilson's second precept and the themes of Herbert Croly. The president sought to create "a corporation clothed with the power of government...but possessed of the flexibility and initiative of private enterprise." Led by an independent three-person board, it would be "charged with the broadest...

...the seventies the Tenneaee Valley Authority, which Franklin D. Roosevelt described at its birth as "clothed with the power of government but possessed of the flexibility and initiative of a ph* vate enterprise." had used that power, flexibility, and initiative to become a dangerous enemy...

...•y> OJ gì e E pcS çfl CO 3 < ^ "3 "3 * I &• e C Ìi 5" -a ^ e •y: " "S O — X ^2 " I _ ers of government but possessed of the flexibility and initiative of a private enterprise," including the right to buy and sell real estate, construct new towns, and exercise the power of eminent...

...Information provides the kind of broad authority which was built into the original act to establish "a corporation clothed with the power of government...but possessed of the flexibility and initiative of private enterprise." For example, only two Board committees are required by the new statute but it...

...-3Another concern is the administrative obstacles that increasingly erode TVA's posture as a public corporation ". . . clothed with the power of government...but possessed of the flexibility and initiative of private enterprise." As noted in the options paper, TVA's corporate independence and flexibility have...

...Great Depression, in 1933, President Franklin D. Roosevelt signed into law legislation creating the Tennessee Valley Authority, "a corporation clothed...flexibility and initiative of a private enterprise." The concept of unified resource development became the basis of TVA's proRetired r Present affiliation:...

...described the Tennessee Valley Authority, perhaps the best known of the American public corporations, as "a corporation clothed with the power of Government...flexibility and initiative of a private enterprise." 77 Cong Rec 1423 (1933). See also J. Thurston, Government Proprietary Corporations in the English-Speaking...

...Authority was an immense project. Only four months after taking office, Franklin D. Roosevelt called for a corporation "clothed with the power of government...flexibility and initiative of a private enterprise." According to Roosevelt, the TVA would have the responsibility of "planning for the proper use, conservation,...