Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1842-03-22

SEC. 5. That every certificate issued
under the provisions Of this act, b any
resident OF corporation Of Ohio, shall be
reported TO and registered BY the Auditor
Of State, in a book to be provided by him
for that putpOsei which register shall con-
tain the amount Of each certificate, the
rate of interest named therein, and the
name Of the person in whose favor the
same was issned.
SEC. @. That Of the amount Of c'rtif!
Gates Of loan authorized to be issued in
the second section Of this act, the sum Of
three hundred thousand dollars shall be
made receivable in payment Of the Wa
bash and Erie canal lands, and the sum Of
two hundred thousand dollars shall be re-
ceiVed in payment for the Miami Exten-
sion canal lands, and such fact shall be
stated on the face of :he bonds SO issued
and the Treasurer, under the direction OF
the fund commissioners, is hereby au-
thorized to pay the same TO the contract
Ors upon the respective works: provided,
they are willing to receive the same,and
the Treasurer Of State under the direction
Of the fund commissioners, is further au'
thOrized to pay to contractors in satistac
tion Of their claims, certificates Of loans
not based upon the canal lands, as afOr'
said, provided, the contractors are willing
to receive the same.
Sec. I. That the auditor Of State
shall require each collector Of canal tolls
on the Monday Of each week during the
time when the canal shall be open fo
navigation, to make out aud transmit t.
his Office, abstracts Of all moneys receiv
ed for toll, fines, penalties, fOrfeiturss
and water rents during the preceding
week, together with such accounts, state
mentS, and vouchers as may be necessary
to show the balance Of money due to The
State from such collector, and each col
lector shall, within ten days from thC
time when such abstracts and accounts are
required to be made out, pay into the
State treasury, or deposit with such per
son or agent, and in such place as the
Treasurer may designate, the full amoun
Of money which may be found due TO the
State, and in case Of deposit, such collect
or shall forthwith transmit, by mail, to the
Auditor of State, a certificate Of de posi-
for the money so deposited and il any
collector Of canal tolls shall fail to make
out and transmit TO the Auditor Of State
the abstracts accounts, and vouchers, 81
as aforesaid required, or shall fail, within
the time hereinbefore limited, to pay Ov
or, or deposite, the amount of money du,
lbe State, and transmit certificate there
Of, ih case Of deposit, as hereinbefore
required, then, and in either case, such
delinquent collector and his suretes shal
be proceeded against as provided b,
the seventy third and seventy fourth sec.
tions Of the act entitled "a1 act TO regu
late navigation and collection Of tolls on
the canals Of this State," passed Feb
ruary %, 1880, which sections are hefe
by revived and declared 10 be in full
force. t..
Sec. 8. That the Governor, theAu-
ditor of State, and the commissioners o
the canal fund are hereby severalIy requir
ed to suspend all further action unde
the tact 10 authorize loan Of credit BY
the State TO Railroad companies,-
and to authorize subscriptions by the
state to the capital stock Of turnpike, ca
nal and slack water navigation compa'
Mes" and under the act repeating the
above recited act so far as said acts or ei.
ther of them authorize or require sub
scriptions to the capital stock of any Of
said companies, the lOaning Of the credit
Of the state TO any RailrOad company, the
issueing Of warrants or drafts for the pay.
menL thereof, until the close Of the next
annual session nf the General Assembly.
RUFUS P. SPALDlNG,
Speaker Of the House Of Representa-
tiUeS.
JAMES J. FARRAN.