The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1845-09-26

the articles made Of II are susceptible OF
high polish; they are very durable.
Important 10 persons who hare inter
est 10 pay on culGi Iois.-Puciascls of
canal lots al The sale held in this city,
October 3, 1913, who have interest to
pay upon their purchases, had better pay
the same al once +; cisc the time of pay
mcnI may eIapsc, 0lli their lots be for.
fchei for the Ho1tpdyRcH If interest.
This is probably new to those who
permitted their interest 10 lay over last
year until they found it convenient to
pay. But circumstances, in the mean
time, are changed in consequence of the
"RcIif Lar" passed last winter, which
authorizes officers employed about the
canal since the winter of 1912 3, To make
application At the canal office to enter TO
the amount Of the scrip they respectively
received on account of their salaries, any
rrlnquishea or forfeited canal lots within
the limits Of this city, at valuation TO
be put upon them by persons mentioned
in the law, who live out of tie city and
are unacquaintcd with the value of pro-
perry; and upon such entry being made
it shall be the duty Of the Acting Com
missioner TO issue Il Final CcrHfcaic
therefor as in other cases.
We have embodied the words of the
law in this article, and we will make n
few suggestions "A fact and law for those
who may not be sufficiently advised Of
the necessity OF paying their interest
promptly. 1t will be perceived that the
law imposes upon the acting commission
or the duty of issuing ini' certificate in
all cases where the lot has been forfeited
or relinquishcd. 1t is therefore material
to know what is meant by forfeiture and
what ac, will constitute it. BY an act in
force, Feb. %, 1899, it is declared, That
the terms Of Sale shall be, that each pur-
chaser shall pay at the time Of sale ten
per cent on the amount Of his purchase,
and shalI be bound 10 pay an inl.res, OF
six per Ct. per anHum upon the balance,
at the end Of every year, lo. twenty
years, &c.
,. That on failure to make payment Of
interest and principal according to the
terms OF sale, all rights acquired by tie
purchase shall be forfeited TO the state.
So that the non.paymcni of interest
according to the terms Of The sale which
require the payment Of interest at The
end Of crery gear, works forfeiture.
Prior to the passage Of the Relief Law
above cited, 1t was The duty OF the Act
ing Commissioner to advertise such lois
as the interest was unpaid upon, lJs sale;
but if the interest was paid at any ''''-
previous 10 the day o. sale the ", I''"Se
hcao,''~a .o~'s. - hi r.. '''' 100 80
now however. The n-hci law, by en-
peworing the officers employed about tic
canal to enter forfeited lots has taken this
right away. The officers thus prlvilcdg-
cd by the law before the day upon which
the interest becomes due, privately in the
language oil the act, make application al
the canal office, for such lots as may be
forfeited that is to say, for such lots az
the interest may remain unpaid ur'h'
1t is sort of presumption right, 2ad I'VE we
presume these gentlemen, bet no,col ,bo
Of payment arrived ;,, ,ha ,.IaSf
ao'' AN. a''ih HAT they will divide the lore"'
ed ones. How this is we will ~ pre-
tend TO assert. But Of this pot,o"S ''''e'
rested may be assured, .h?' II one s'n-
gle hour, nay, one single h'I'u,e !, Pp
mit,ed TO cIapsc, after nc clocH s:'"'
twelve, midnight, iiaai certificate Is ''g rs !
sued without delay u the fortunate 'oI''-
cers who have I1en engaged uPoh 'he
can,l for the ii three years --CA'eag0
Democrat,