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Show 204 INTERSTATE COMPACTS The compensation of members of the commission shall be fixed, determined and paid by the state which they respectively represent. All necessary expenses incurred in the performance of their duties shall be paid from the funds of the commission. The commission shall elect from its members a chairman, vice- chairman, clerk and treasurer. Such treasurer shall furnish to the commission, at its expense, a bond with corporate surety, to be ap- proved by the commission, in such amount as the commission may determine, conditioned for the faithful performance of his duties. The commission shall adopt suitable by-laws and shall make such rules and regulations as it may deem advisable not inconsistent with laws of the United States, of the signatory states or with any rules or regulations lawfully promulgated thereunder. The commission "shall make an annual report to the governor and legislature of each of the signatory states, setting forth in detail the operations and transactions conducted by it pursuant to this compact. The commission shall keep a record of all its meetings and proceed- ings, contracts and accounts, and shall maintain a suitable office, where its maps, plans, documents, records and accounts shall be kept, subject to public inspection at such times and under such regulations as the commission shall determine. ARTICLE 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 perform- ance of the duties hereby committed to it and to fix and determine their qualifications, duties and compensation; (4) to enter into such con- tracts 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 Con- toocook 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 |