The Illinois free trader and LaSalle County commercial advertiser. [volume] (Ottawa, Ill.) 1841-1843, 1843-03-03

but the legislature hereby reserves the
night to increase the tolls with the view TO
an increase Of revenue, but shall not re-
duce the same without the consent of the
trustees, and are hereby fully authorized
and empowered to collect the same, and,
from time to time, make, ordan, and es.
,ablish such reasonable rules, bylaws,
and regulations in relation to the collec-
ton Of tolls, the transportation upon the
canal, the conduct of boats and RATS, and
the general police of the said canal as are
usual or may be found necessary, and to
enforce the observance of the same; and
tina, said canal, when completed, shall, in
all future time, be free for the transporta-
ton of the troops Of the United States
and their munitions Of war. without tho
payment of any toll whatever.
SEC. l6. After the completion Of the
said canal. as aforesaid, the said board Of
trustees shall make annual dividends Of
the moneys which shall come to their
hands from the said canal, its assets, tolls,
revenues. and lands granted TO the said
trustees by this act, after payment OF in
cidental expenses among the holders of
the bonds Of this state. in the following
order: First, the said board of trustees
shall annually make pro rafa dividend,
on payment Of said moneys on the certif-
Gates given to the subscribers the loan
authorized by this act, until said ceriif-
Gates and interest thereon are fully paid.
Second, the said trustees shall then make
annual dividends and payments of said
money upon the interest due upon the
bonds, and other evidences of indebted
ness held by the subscribers to the said
loan. description whereof shall have
been fled with tho governor, as provided
in the ninth section of this act, until the
interest thereon is fully paid. Third, the
said trustees shall then make annual dvi-
dends and payments Of said money upon
the interest due to the notwithstanding
holders of bonds or other evidences of ca
nal Indebtedness. Fourth, after paying
all interest due such notwithstanding bond
holders, the said trustees shall make an
nual dividends pro rata upon the princi.
| pal Of the bonds and other evidences Of
canal Indebtedness held by the subscrib.
crs to said loan, as privded Cor by the 9th
section of this act, until the aes shall be
| Iiquidated at which time the trMt hereby
created shall cease, and The canal pail re-
vert to the state, with all the appurMnan
ees thereunto belonging Provided, Tha,
the certificates Of canal Indebtedness not
STIMULATING on their face for the payment
of interest, shall, when registered by sub
scribers to said loan, rs hereinbefore pro-
vided, bear all interest Of six per cent per
annum, from and after they shall be so
registered: Provided further, that no APP
praisal shall be made for any damages All
sing under the provisions of any contract
entered into in pursuance of an ac, for the
construction Of the Illinois and Michigan
canal, unless the contractor or contractors
interested therein, shall first signify his or
their consent in writing, (which writing
shall be deposited with the the appraisers,
to be filed in the auditors Office, that such
| appraisal of damages shall be made with
ont allowing any prospective damages, or
any profits which said contractor or con-
tractors might have made, had they finish
ed their Jobs, but such contractor or con-
tractors shall be allowed the value of their
machinery upon the canal at the time the
work stopped, and back percentage and
scalagc, which entire amount of damages
so allowed 10 all contractors shall not ex-
coed the sum Of two hundred and thirty
thousand dalars.
SEC. II. The governor is hereby au-
ihorlzed and empowered to appoint three
discree; and skilGul persons TO go on to the
Jobs and lettings upon the canal, and ap-
praise the actual damage which the re-
spective contractors upon the said canal
will sustain in being deprived Of The same;
said appraisal shall be final and conclu-
sive, unless appealed from. That il any
person shall consider himself aggrieyed
by the decision of said appraisers. he may
appeal from the same, at any time within
thirty days, to the circui, court Of The
county in which the job so appraised is
situated. If the governor shall be salts
fled that tho appraisal is fair and honest,
he shall issue certificates of canal indeb,-
cdness, bering interest at per cent. to the
persons in whose favor tho appraisal shall
he made for the amount: the holders of
which certificates shall be entitled to all
the privileges conferred by this act upon
the other holders of canal Indebtedness.
Aud the present contractors of the Illinois