Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-02-04

purpOrng by the holder under his hand atested bv
holder under his hand, attesed by witnesses shall
deemed sufficient power Of attorney cases to
authorize and the agent Of Slate 20 transfer the
books in the such holder such stock to such pos
the of State shall be deemed
agent of parties for making transfers. such
circumstances and rule Of transfers shall ADOPTED by
agent Of State prescribed by law incompatible here
with: PrODidsd further however, That State
be held responsible for the commences Of
dorement attcstaOn but the fact that endorsement
IS made on sueh cerheats aested a: aforesaid aecOmPa-
MED with actual Of such certificate shall be su
Gent evidence Of right, and shall be sufficient
said agent Of State for and the Of the holder OF such
stock transfer the pOessOr of such cert6-
cate on the surrender and cancellation Of the
Amendment l. That the tweny-hlth section Of said
be amended BY adding after final payment the
words of any instalnent Of purchase money,
tend the time OF payment Of such insament for The Of
1--WE years.
NJ in thirtieh section of the said
act after word State" and before the words for the
Transaction there shall be introduced the words and
Office and said thirtieth section is hereby further
amended that said shall establish
land Offices at convenient points in this State.
Amendment AT the end Of the hirtyfOur section Of
the said add the fOIIowng and the said shall
further be required construct and keep repair such
locks at the dam erected the west folk OF White
River may be to the unobsirueted and sats
navigation oil said rivers and keep in like good the
steamboat lock at feeder dam number four the Wabash
rivers and should the trustees Of said canal require in
necessary, may construct navigabe feeder from 81 May's
rivers Provided They first pay all damages accruing from
the construction Of said fee der"
after the word extensions before hnshed
adj the words "by whatever other the may be
de sgnated"
amendment p "Any actual settler and occupant Of any
Of the lands hereby by the said original authorized
be conveyed, shall have the right and privilege by paying
dollar and twenty-five cents per acre."
SEC 20. That in order facilitate the surrender and ex-
change OF bonds for certificates regards bondhode
dent Britain continent Of Europe and 10
avoid the risk Of transmission ocean, hereby
enacted that The agent Of State shall have power and be
hereby authorized appoint or persons
in London other bondhoders
such bonds they may respectively desire exchange for
certificates under the provisions Of the said reced and
OF this act and such persons appointed,
shall be authorized 10 receive all such bonds may be
rendered TO him them ia London for surrender or ex-
the bank of England for interim custody
transmit for of the holders Of the said bonds on such
deposit being made aforesaid, certificate writing TO
that effect to the OF State
aey the receipt thereof transmit 10 such
by him appointed aforesaid London for the use
Of such party or parties by whom such bonds shall have
been deposited certificates according the form and effect
bonds surrendered and deposited aforesaid and such last
mentioned bonds shall theeupOn be cancelled presence
of notary public, and shall be forwarded
ceed to the agent State and such bonds shall heeupon
be utterly void and Of effect; Provided nevertheless
That all parties availing themselves of The privilege of max
ing such deposit in London heeinbefOe mentioned
who shall desire to become subscribers the herein
mentioned SHALL at the time of making depOse sfOe-
sad into the hands Of such person persons
pointed by The said agent Of State aforesaid London
FIVE centum the Of such bonds by them
respectively in part of their subscriooos
completion the said canai which moneys
when paid shall be forthwith remtted the expense
and risk Of such subscriber by said person persons
London to the said trustees in New York. their bankers
and be there placed to the credit Of the said
and PrOrded further, That the expense Of such agency
shall exceed the Of FIVE hundred dollars paid
by the said trustees out Of the canal fund.
SEC 81 AND WHEREAS, By the sixth and ninth sections
Of the said reclIed act it enacted that by Of the
faure Of the said TO make the advances therein
mentioned the said trustees shall be able effect
completion of the said canal within the period heenbefoe
mentioned namely the period Of four years from taking
effect OF the said act and doubts may arise
stfucton of the said sixth and ninth sections of said
by notifications and alterations as to the said
intended advances contained in this AND WHEREAS,
II happen from unforeseen that Notwithstanding
the bona hde and expenditure Of the said Of
eight hundred thousand dollars according provisions
Of this present act, the said canal and works and
siOns may not be completed within the said of four
and justice requires that the said subscribers shall
have reasonable opportunity complete the same:
BE enacted, That at the expiration Of four years. to
DC computed on the date at which the said deed Of trust
said trustees IN this mentioned Of eight
hundred thousand dollars be subscribed herein
toned shall have been expended by the
towards the completion of the said canal and
extensions but the said canal shall rot, from any cause
whatever have been completed then in such case il
shall be lawful for majority subscribers for the time
being IN number and personally present. by agent
duly authorized by proxy at any meeting to be eonveaed
and holden in New York for purpose within the last
three mouths Of the last year years.
to be computed aforesaid by aud the part Of such sub
been given by part of the man
in the eleventh section Of this provided
tneielo as circumstances WILL and lu
authority hereby given to the said subscribers for that
purpose, TO raise and levy uIther exceeding 1--WE
hundred thousand dollars lover and above the said Of
eight hundred thousand dollars to be originally subscribed
herein me1tIonedl to be payable such times by
lnstalmen as shall be agreed such last mentioned
meetings and The resolutions be signed by the chairman
presiding at such meeting of subscribers shall be binding
and conclusive all the subscribers for the time being
whether present not:
Aad is hereby further enacted That a copy Of such
resolutions signed by the chairman being
SAID Governor OF Indiana for the time being aud sub
scrpuon to the amount of FIVE per centum the said
OF five hundred thousand dollars, shall be
agreed at such meeting be subscribed aforesaid
being paid to the said trustees the said Of four years
in the said ecited act mentioned for the completion OF the
said canal shall be- and the is hereby declared be-
extended to and for the further period of
computed from the expiration Of the said term Of four years
herenbefore mentioned, making all the Of six full
Tor the time being acting In the execution Of the said rus
required and is hereby made imperative them
issue such aud so many certificates debentates
snail cover the said SUN oil hve HUNDRED thousand dollars
much thereof shall be agreed said meeting be
held aforesaid to raise for the purpose Of completing
said canal and ITS works and extensions such certificates
deoenuTes to be made payable 10 bearer and TO be g8ed
and verified by the agent Of Of Indiana the
mentioned in the second section Of the said recied act
or as near thereto circumstances will permit and
rate OF interest exceeding six
the principal be raised aforesaid and il is
hereby declared that such last mentioned and the
hcaie debentues representing the shall be charge
grant made by the general government by the act entitled
act to grant certain lands TO the State of Indiana the
better to enable the said State extend and complete the
Wabash and Erie canal from Terre Ohio ve'
approved March, iS45, and in the said reced
mentioned, such parts Of the said lands
shall then be unold and undisp0sed Of and the proceeds
thereof when sold from respectively: and
trustees hereby expressly authorized and required pay
10 the holders pFcpgetos OF such certificates de-
Dentues such Of interest thereon such not
exceeding aforesaid times the
To he nar nd ais he