71
STAT.]
PUBLIC LAW 85-2a-APR. 23, 1967 uARTICLE III.
"The commission shall constitute a body, both corporate and politic, with full power and authority; (1) to sue and be sued; (2) to have a seal and alter the same at pleasure; (3) to appoint and employ such agents and employees as may be required in the proper performance of the duties hereby commited to it and to fix and determine their qualifications, duties and compensation; (4) to enter into such contracts and agreements and to do and perform any and all other acts, matters and things as may be necessary and essential to the full and complete performance of the powers and duties hereby committed to and imposed upon it and as may be incidental thereto; (5) to have such additional powers and duties as may hereafter be delegated to or imposed upon it from time to time by the action of the legislature of either of said states, concurred in by the legislature of the other state and by the Congress of the United States. "The commission shall make, or cause to be made, such studies as it may deem necessary, in co-operation with the corps of engineers and other federal agencies, for the development of a comprehensive plan for flood control and for utilization of the water resources of the Merrimack river valley. "The commission shall not pledge the credit of the signatory states or either of them. "ARTICLE IV.
"The State of New Hampshire wherein is located the site of each of the following dams and reservoirs agrees to the construction by the United States of each such dam and reservoir in accordance with authorization by the congress:— (1) at West Hopkinton on the Contoocook river, controlling a drainage area of approximately four hundred and twenty-six square miles, and near East Weare, on the north branch of the Piscataquog river, controlling a drainage area of approximately sixty-four square miles; and providing flood control storage for appoximately six inches of run-off over both said drainage areas; and (2) near Loudon on the Soucook river, controlling a drainage area of approximately seventy-seven square miles and providing flood control storage for approximately six inches of run-off over said drainage area. a ARTICLE V.
"The Commonwealth of Massachusetts agrees to reimburse the State of New Hampshire seventy per cent of the amount of taxes lost to its political subdivisions by reason of acquisition and ownership by the United States of lands, rights or other property therein for the flood control dams and reservoirs at Franklin Falls, Blackwater and West Peterboro and for construction in the future of any flood control dam and reservoir specified in Article IV, and also for any other flood control dam and reservoir hereafter constructed by the United States in the Merrimack river valley. "Annually, not later than November first of each year the commission shall determine the loss of taxes resulting to political subdivisions of the State of New Hampshire by reason of acquisition and ownership therein by the United States of lands, rights or other property in connection with each flood control dam and reservoir for which provision for tax reimbursement has been made in the preceding paragraph. Such losses of taxes as determined by the commission shall be based on the tax rate then current in each such political subdivision and on the average assessed valuation for a period of five years prior
21
�
