The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-20

year next after the passage of this act to be APP
piled to the completion of the said enlargement and
canals, and to be paid as the may Be required
from time To time.
Sec. 9. The sum Of one hundred and eighty
thousaHA dollars is hereby appropriated for the
payment OF the first years interest on the canal
venue certificates issued under this act, and the
of three hundred and sixty thousand doll is
hereby appropriated for the payment of the second
years interest on the said certificates, to be paid
by the treasurer, on the warrant of the Auditor of
the anal Department out of the avails OF the sales
of the certificates authorized by this act, and the
premiums received thereon, and the interest that
sha II accrue on the deposit of such avals.
sec. 10. If at any time after the year eighteen
hundred and ffty-four, the Legislature shall direct
the sum of three hundred and fifty thousan dollars
or any part thereof, out OF the surplus of
the canals to be applied to the necessary expenses
Of the government, AS authorized by the third sec
ton of the seventh article Of the constitution, the
sum so directed to be applied shall from thenceforh
cease to constitute any part Of the fund hereby
created for the payment OF the intere and redemp
ton of the principal Of the canal revenue certificates
issued un der this act and such amount shall not be
transferred to the credit of the said fund 50 long
such direction shall continue.
Sec. ii. The Canal Board shall, from year to year,
until stherwse directed by act of the Legislature,
adjust the rates of toll all articles transported
on the canals of this State, in such manner in
their judgment will produce the greatest amount Of
trade and revenue.
Sec II The Canal Board shall cause the Canal
Commissioners, in of their inability neglect,
refusal, then any one of them together with the
state Engineer and Surveyor, and the Division
Engineer having charge of the division of the pub
lie works where the work is TO be let, to contract
for the completion of the Erie canal enlargement,
and the Genesee valley and the Black River canals,
upon such terms as the said Beard shall direct and
approve, first causing public notice to be given by
the aforesaid officers, or such one Of them as
they shall direct for the time and in the manner
now specified by law. The contracts for the
work shall require the jobs to be pleted on or
before the first day Of May, 1854, terms which
shall, in thejudgment Of the Canal Board, be most
safe, economical, and advantageous to the State.
zee. IL. such contracts shall contain stipulation
expressly limiting the liability Of the State to the
payment thereon only of such surplus revenues a
shall be constitutionally applicable to the compe
ton of the said canals, aud of the moneys realized
from the sale of the certificates authorized by this
act; provided, however, that the contracts for the
completion of the whole Of the work upon such
canals according to the plans and specifications
adopted by the Canal Board, shall not exceed to the
amount of ten per cent the sum of ten million five
hundred aAd eight thousand one hundred and forty
one dollars, being the amount of the estimate for
completing such canals, except for structures
work not included in the Specifications and esti-
mates as contained in the report of the state on
gneer and Surveyor for the year thousand eight
hundred and fifty-one, exclusive of land damages.
sec. ii. That the certificates to be issued under
this act, shall in no event contingency, be so
the State the people thereof within the meaning
Of section twelve, article of the constitution.
sec. Is. This act shall take effect Immediately.
Amendment offered by Mr.. Lyon, and directed
to be printed with the bill-"Amend section seven
to ensure the completion Of the Black river
canal by the opening Of navigation in the spring
Of 1888