Sec. 981. Creation of Saint Lawrence Seaway Development Corporation. 982. Management of Corporation; appointment of Administrator; terms; vacancy; Advisory Board; establishment; membership; meetings; duties; compensation and expenses 983. Functions of Corporation. (a) Construction of deep-water navigation works in Saint Lawrence River; conditions precedent. (b) Coordination of activities regarding power projects. 984. General powers of Corporation. 984a. Repealed. 985. Bonds; issuance; maturity; redemption; interest; purchase of obligations by Secretary of the Treasury. 985a. Cancellation of bonds issued under section 985. 986. Payments to States and local governments in lieu of taxes; tax exemption of Corporation. 987. Services and facilities of other agencies. (a) Utilization of personnel, services, facilities, and information. (b) Contributions to retirement and disability, and employees’ compensation, funds; payment of costs. 988. Rates of charges or tolls. (a) Negotiation with Canadian authorities; revenue sharing formula; consideration of American financing costs, including interest and debt principal; rules of measurement; hearings and rehearings; approval by President; court review. (b) Principles governing establishment of rates. 988a. Waiver of collection of charges or tolls. 989. Special reports. 990. Offenses and penalties. (a) Application of penal statutes. (b) Frauds and false entries, reports, or statements. (c) Receipt of compensation, or conspiracy, with intent to defraud, etc.