Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-02-19

not Ommen operations "il1iD u meaning u
this act, within enc year from The time 4 IS or
gsnized, i, shall forfei, al! rights, privileges, and
franchises, II may have acquired under this act.
SEC. 81. As many such associations may be
organized under the provisions OF this act, as
Will undertake 10 prosecute and complete any
part Of the unfinished portions OF the pubic
works, embraced ia the general system of IN
ternaI Improvements IN this State. Any such
association being organized for The purpose OF
completing therein by any other association, com
pany, Individual, or individuals, unless IL shall
appear 10 have abandoned The prosecution there's
OF as specified in this act.
SEC. "a. The State Of Indiana, through the
Legislature thereof, shall have the privilege 81
any time after twenty years, TO purchase IRON
any such association, the entire iOterest such
association may have acquired under the provIs-
IONS of This act, by refunding 20 such association
the foil amount actually expended thereon by
sach association, with interest al the rate of SIX
per cent. per annum thereon, from the date o!
snch expenditure, first deductIng from said SIX per
cent. all ne, amount OF revenue received by any
such association.
SEC. 65. Be- further enacted, That the Board
Of InterDa. Improvement, the office of Fund Com
mlssloners, and the Office Of Chief Engineer are
hereby abolished. And the term Of service of
each these officers shall cease from aud after the
the last day OF February, 1912.
SEC. &c. There shall be a commissioner elect
ed by JOIN, ballot of both branches Of the pre-
sent General Assembly, no shat! serve as such
for the term Of three years, from and after the
first day of the present session Of the General
Assembly, and until Il successor shall be duly
elected aud qualified, and who shall receive as a
compensation for his services, the sum Of one
thousand dollars annually, during The time he
shall continue IN office, 10 be pad out OF the pros
ceeds Of the Wabash s. Erie canal. Provided,
,hat sid commissioner may be removed at any
time by Joint resolution of the Legislature.
SEC. 81. |, shall be The duty OF the sand com
missioner to take charge Of the Wabash & Ere
canal East OF Lafayette. and the Erie 81 Mlchi-
gan canal, and perform all dItie. in relation
hereto, that the present, board Of internal i'm
p~rnyements or my member thereof Is by the laws
as now III force, required TO perform.
SEC. 6S. There shall be an agent of the State
elected by J1int ballot OF both branches of the
present General Assembly,, who shall! serve as
such. 70? The term OF two years from and after
the first day Of the present session of The Gener-
al Assembly,, and until a successor is elected and
qualified; and shall receive as a compensation for
his services, he sum Of twelve hundred dollars
and travelling expenses annually. Prorided,
that said agent may be removed az any time by
JOINT resolution of Tit Legislature; Prouided fur
ther, that whenever the place Of any off .er or
agent created by this act, shall from any cause
be or become vacant, and this General Assem-
bly, or other proper authority cannot immedi.
ately act for the filling of the vacancy, then 1t
shall! be The duty of the Governor by appointment
Of some suitable person, 10 Immediately fiji The
same.
SEC. go. 1t shall be the duty Of said agent to
do all nets and perform ali dnties now required
of the fund commissioner, except that he shall
not have power TO execute, sell deliver or by
pothecate State bonds for any purpose.
SEC. 20. The said agent is authorized in addi-
,tuu 10 tuc utt,er powefs gwen MIN 10 dispose OF
all 0. any Of the debts due the state on account
Of The system Of internal improvements, and of
any or all property or securities held by The
State on account of bonds heretofore sold, on
such conditions as he may doom for the interest
of the State, and 10 arrange, compromise and set.
tie the amount, OF the suspended debt or any par,
thereof. Prorided, that said agcn, shall not APP
ply any other funds 10 payment or liquidation OF
any such bonds other than may be realized from
such property or securities held by tho State on
account Of said bonds, In cash ur State Bonds
SEC. II. The Legislature shall elect, by JOINT
ballot of both Houses, an agent for the Madison
and Indianapolis railroad, one for the White wa
ter canal, and one for the New Albany and Vim
cennes road, who shall receive for their services
two dollars per 4av for every day they may be
engaged, TO be paid ou, of tho proceeds of tolls
and rents derived from the works Of which they
arc respectively agents.
SIC. -. Said agents shall superintend their
respective works and be governed in all respects
as previous agents have been governed: the a.
gent Of the Madison and indianapolis rail road
shall attend 10 the running Of the cars on said
road. the transportation of produce, receiving tolls
rents and duties. shall keep said road in repair,
employ such artists, workmen and agents as
shall be necessary, shall pay them such compen-
sation rs may be reasonable, out OF The proceeds
OF said work. and do all other acts and things ne.
cessary for the object of said road.
SEc. %. The agents having charge of The
Whitewater canal and the New Albany and Vim
ceanes road shall In like manner take charge OF
said works respectively, managing and controli.
ing the same as fully and completely in all re-
spects with reference to their peculiar interests
aud demands, as IS required Of the agent Of The
I, Madison and indianapolis railroad.
Il SIC. -. Such agents shall nke an oath Of Of
hce, and shall give bond with suffeien, security.
10 be approved by the Treasurer OF S,a tie. IN the
sum Of twenty thousand dollars. condliIened for
J The faithfcl discharge Of their duties: they shall