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1982
Tennessee Valley Authority |
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Stock Code TVA01 |
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$10,000 Series A 8.05% Power Bond dated 1st January 1982.
Issued to Glenn M Atkinson and Jessie D Atkinson
of Barnett, Maryland, with the printed signatures of the Company Secretary
and Lynn Seeber, General Manager. Vignette of woman and valley scene. Ornate
green border.
Certificate size is 20.5 cm high x
30.5 cm wide (8" x 12").
About this
organisation |
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Note that although this item
has now been sold, we may be able to acquire another one for
you. Email us if you are
interested in this stock |
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TO BUY THIS
CERTIFICATE FRAMED:
2. UK Shipping is
included in the price. If you are ordering from outside the UK click
on the relevant button below to include shipping to your country - a shipping charge should be added for each framed certificate. Note that if your order is over £100 no shipping charge is required, regardless of destination address.
3. At any time you can
either view the contents of your shopping cart or check out by
clicking below:
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TO BUY THIS CERTIFICATE
UNFRAMED :
2. UK Shipping is included
in the price. If you are ordering from outside the UK click on the
relevant button below to include shipping to your country. Only one
shipping charge is required for unframed certificates,
regardless of the amount purchased. Note that if your order is over £100 no shipping charge is required, regardless of destination address.
3. At any time you can
either view the contents of your shopping cart or check out by
clicking below:
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About the
organisation
The TVA story begins at Muscle Shoals,
Alabama, where the Tennessee River drops 140 feet in thirty miles. This drop
in elevation created the rapids or "shoals" that the area is named for, and
made it all but impossible for ships to travel further up the Tennessee
River. In 1916 the federal government acquired the site and began plans to
construct a dam there. The dam was meant to generate electricity that was
needed to produce explosives for the war effort, but World War I ended
before the facilities could be used. During the 1920s Congress debated over
what was to be done with the property. Some members of Congress wanted to
sell the dam to private interests. At one time Henry Ford offered to
purchase the site and develop a nitrate plant in the area.
Senator George W. Norris of Nebraska
led the fight to retain public control over the property. Senator Norris had
tried six times to introduce bills for the federal development of the area,
which were all defeated by unsympathetic Republican administrations. With
the coming of the Depression, Americans looked more favourably to government
economic intervention in the public interest. President Roosevelt--who had a
personal interest in regional planning, conservation, the utilities
question, and planning--backed Norris' plan to develop the Tennessee River
Valley.
On May 18, 1933 FDR signed the
Tennessee Valley Authority Act. TVA was to improve navigability on the
Tennessee River, provide for flood control, plan reforestation and the
improvement of marginal farm lands, assist in industrial and agricultural
development, and aid the national defence in the creation of government
nitrate and phosphorus manufacturing facilities at Muscle Shoals.
The Tennessee River ran through seven
states, through some of the most disadvantaged areas of the South. Perhaps
the boldest authority given to TVA can be found in Section 23 of the
Tennessee Valley Authority Act, where TVA was given a mandate to improve "
the economic and social well-being of the people living in said river
basin."
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