New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-01-24
nEs MONIES RIVER IMPROVE.

INTENT EIGHT PER CENT STOCK m. ,,N
scriber ofsrs for sale 81 800. 900 EIGHT PER CENT
PREFERRED COUPON BONDS. aathorizsd 10 b is,u.s
by the State fIowa entitled he DIS MONIES River
IMPROVEMENT CONSTRUCTION STOCK" II.
principal and interest p1ysbe at the bassngAsa. q,
Messrs DUNCAN, SHERMAN 4 co. IA III. ct, Of
New York
The principal is payable at the plsasurs ofths Ss.is
Iowa aer 1887 az The Of 500 20 each ,sar an IL.
whole sum paid AID The nees, on tae k7ss days Of Ma,
and November OF each year.
These Bonds afford safe and favorable ievs,n.a, ff
capitalists ard issued pursuance u act q "A.
LEGISLATURE OF the State Of Iowa. for the pnrps.s Ell
proving the Navigation &c Il the De' ho'aes RIVER Ii.
security ohese Bonds based upon lands appropriately
an act Of Csrggess approved August s. t6 grating te "a.
then Territory Of Iowa, for The purpose Of aiding ss
Territory % improve the navigation Of ths Des None.
River from IT'S mouth O. the Raccoon York $50 called
said Territory equal mo.ey. alternate sections sfA.
public lands remaining unsod, strip FIVE niles wd.A
on each side o. said river"
The proceeds II these lands ably pledged sr
the faithful n6lment Of these obligation, Of As STATE
and for the redemption Of the principal and inessE q tie
Bonds above described.
These certificates or Bonds enute the holder thereof
TO the net proceeds Of the sale Of all lands ssretsfos
that NAV hereafter he granted by Congress for the sat
benefit cfsaid Improvement aud also 20 ths act gOfs
watsrrents and tolls SAID improvement said proceeds
and profits 70 be faithfully applied to the paynssi sn;sr-
est on and redemption OF, such certificates 81 stock
hereinb efore provided"
The amount lanSs thu, secured 90 the State appcass
To the object above mentioned and still remaining unso
exceeds million Of which not TO be sold Tor the
first Eve years ases sr.d "A yearly parcels Of $50 30
acres for less than 50 per all then remaining aasos
Of each parcel less than 81 50 per s3aoN
has already expended the works OF Ae i@proFs
ent or1srsss Of construction aud gard NJ BY laaa
sales
The subscriber invites the attention Of capitalists 10 tho
aboyedsscea securities believing them % be an excel
leptard safe investment TIE state OF Iowa has appointed
trustees whose duty Il supsuntend the ~orsso III
provemeut AMI make faithful appropriations and srPend
lures OF al moneys that anse from the ssss Of tie
lands granted By Congress. The nonor OF The State
pledged Tor the proper appropriation Of he sane 70 The
payment Il she principal sad interest Asfeen ous Of sad
trust fnHd.
The act Of rsress granting these lands sufficiently
stringent 20 prevent any msap Of the noass
arising ou, Of ihe sales N b. seen by examination
Of the second Sc ,lon OF the act, as follows
"SEcrIoN2 And D. 90 f'rtler enacted. That tas laad
hereby granted SHAH not he conveyed OF disposed Of sai
Tsrfoy nor hy am STATE be formed cut Of the sans
except As esd Improvements snail Prosrsss that Is.
said Terrtely or state sy sell much Of said lsads
shall produce the sum 600, and then the sales sAl
cease until tie Governor OF sad Territory State shall
Gently the fact the President OF The United States thai
one half of said has been expended said npross-
usut - len the said Territory State may sell and
vey quantity oftie residue II said lands sufficient
place he amount expended and mus the sales shah pgo-
sss the proceeds thereof sha. be srpeAded and the
fact Of such expenditure shall be certified Aforesaid
The Bonds are issued payable to the bearer, and are
sums OF 500, vita Coupons attached.
They are orefed IN amounts to suit purchaser
lsgnei) SIMEON DRAPER
Nsw-Yorb January y. 1881, i3TurAks