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1982 Tennessee Valley Authority

 

 

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Stock Code TVA01

  $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"). It will be mounted in a mahogany frame, with gold inlay, size 31 cm high x 39 cm wide.

The certificate is shown unframed as all items are mounted to order.

About this organisation

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 

 

To order this certificate use the shopping cart below, for payment with Paypal or credit card, or use our mail order service for payment by cheque / cash.

TO BUY THIS CERTIFICATE FRAMED:

1. Click on this button to add the item to your shopping cart.

 SOLD


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.

U.S. / Canada Shipping (10.00)
Europe Shipping (7.50)
Rest Of World Shipping (15.00)

3. At any time you can either view the contents of your shopping cart or check out by clicking below:

TO BUY THIS CERTIFICATE UNFRAMED :

1. Click on this button to add the item to your shopping cart.

 SOLD


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.

U.S. / Canada Shipping (5.00)

Europe Shipping (3.75)

Rest Of World Shipping (7.50)


3. At any time you can either view the contents of your shopping cart or check out by clicking below:

 

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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