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

citation shall be permitted TO take or receive any
portion Of any turnpike or McAdainiZed road that
is now finished, and SO Of associations formed fol
The completion Of unfinished portions Of any OH
er work contemplated by this act, until paid for
rs provided BY this act.
SEC. 80. That any association formed under
the provisions Of this act, upon surfenderihg 10 Inc
State an amount IN Stale bonds which have been
heretofore issued by the State, and which was
sold according to law for a valuable conscientious
euuai 10 the amount which has been expended On
any work the unfinished portions OF which nave
been surrendered aud granted by this act, and
undertaken by such association, shall be entitled
10 the parts thereof which have been completed
by the State, with all the privileges, water pow
era, toll houses, gates, and appuTtenauces thereto.
IN any way belonging, with all and singular the
boa;s, cars, houses, machinery, aud apparatus be
logging TO the State on sud work, IN as tuIl, am
pie and complete manner as now held, used and &C.
cupied by The State, to be held, used, occupied,
controlled, managed and enjoyed by SAID nssocia-
lion as long as II continues 10 exist, and subject
10 the same rlghts, restrictions, regulations, iran
chises, privileges md Immonities 10 which the
parts of such work finished by said association
are subject: Provided that any company or com
panies, association or associations, may take the
Central canal north Of Indiana polls, and the Erie
and Michigan canal, without being required TO
puy in State Bends or otherwioe any sum or sums
Of money heretofore expended by the State upon
said canals.
" w. lhtN bht' u DO'As S'N'' ~ S''
sidered surrendered when such company shall de
liver The same TO the Treasurer Of State to be
cancelled; the bonds thus delivered TO The Treas
urer Of State, shall be cancelled and flied away
by tho Treasurer in his Office.
SEC. ST. Until any such association becomes
the owner Of the finished portion OF such work, II
shall still progress TO tho completion OF the unhn-
isbed portion IN whole or IN part, as speedily as
it's means will enable il, and when ten miles shall
be constructed and completed, IN addition to the
par, already finished by the State and continuous
thereto, such association shall be allowed TO re-
ceivo from tho State out Of the rents and profits
arising 10 the State from the States part OF the
work, the increased toll, and transit duties there
90, deducilng all expenses; thai is TO say, the
said association shall receive all the tolls, water
rents duties and rents derived from all such work
in use, deducting iheretrom the expenses OF re-
pair, and oil other expenses incident to The use
OF such work, and an amount equal 10 the net re
ceipis ,hercfrom for the year lS4l;-but such
association may collect tolls on auy position OF
the work finished BY itself. Prorided hotrerer
that in the year lSi6, the whole net receipts on
the whole work or works shall be again ascertain
ed, and the State, If continuing to hold an inter
est in the same, or any company or individual
who may have purchased the interest ofthe State.
in any work or works, by paying State Bonds tor
the same or otherwise, shall at that time and ev-
er Afterwards be entltled TO a toll share in all The
said receipts, and in proportion as the length Of
the work is done by the State as equitabiy meas
ured, hall bear to the work when completed.
ProUided further, that If said association after
the completion OF the first ten miles, shall moi
complete ten additional miles of such work every
two years thereafter, it may be lawful for any
other associations, organized under this act, to pro
coed Ia the completion Of the unfinished portion
OF such work, aud in -uei. ou=o snrd iusr mon
iIsucd association shall receive OF the SAID IN
creased tolls and water rents III proportion 10 the
distance of such work finished by said association;
and said last mentioned association shall be un-
der like obligations to progress with the consiruc-
ton Of said work, or another association may be
organized in like manner, and DO entitled &c
share IN tho said increased tolls 10 proportion as
tho part flashed by SAID las, mentioned assocIat
ton bears to tho parts tinishod By the other two,
and so on od infnitum, Prorided further, thai
nothing in this &C. confined shall prevent any
company from undertaking and completing the
read from New Albany TO Jeffersonville, and from
erecting toll gates thereon, and regulating tolls
thereon as is in this act provided.
SEC. 80. Tint in case any such association
shall no, wish TO purchase from the State in the
manner above provided any one en,ire work
still the said association, OF any individual, IN
dividuals, as corporate company, shall have pow
er TO purchase from the State an interest IN any
one work or part OF a WORK, by surrendering Il
the State IN State Bonds heretofore issued, al
or any portion of the amount which the State ha:
expended IN The construction thereof, by mean:
whereof such association, corporate company, IN
dividrai or individuals, as tho case may be, shall
be entitled, If such association or corporate con,
pany then during its existence. If an individual
to him his heirs and assigns forever. subject II
nil cases TO the restrictions and limitations of thl
act. 20 such an interest in such work or part ef
work, as tho amount IN bonds surrendered bear
20 the amount expended on such work or part o
Il work, bearing a ratable proportion of all cos
and charges incident 10 such work, and shall re
seiye Of the tolls 10 which the State IS entitle
under this act 10 like proportion.
SEC. SO. Whenever any interes; shall DO &C
CURED in which or in part IN any o. The works Q
This State, finished or unfinished, the extent, term
AMI conditions thereof. shall be specified ~ W.T.
ting in duplicate and signed by the party or as
sociat,oa interested therein and by the Ireasu
f S...a - Of Which shaIl ha file