New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-04-09
MICHIGAN SIX PER CENT LOAN for the

vi BENFEIT oftbs SHIP CANAL AROUND heFhLLs
81 grIsn2ss Df m ss S 81 s OTeS.o
and operating Of the Ship Canal around ne I,s o. s. s. sne
perform The @ s:Se a2s tns .sa . spSss1
sae hereby ve notice that on Monday the Tsny h1 o.
1s STATE Of aiohisn q not hol.nd dollar.
zach the Of hundred thousand dollars or ne
purpose mentioned in said 49, duly executed solops 20
he requirements thereof the principe. rsdsem,be IN ne Cry
OF pleasure Of the s;e twenty Iesn Tom
SIX PR CENf PER ANNTM in said city rae .ol, and In;
Of ,.d Canal aI p',. the .sS devoted s N.
rscempoD Of the Bonds and the faith Of toe State pedsee
please saren proposals 70 TIE underned state Treasured .,
fsncn nhissp Witch viii be opened By The governor and
eeTon. 70 whom said loan or ,ry Part thereof b.
;sdS s Be Of Ss s .ach
may des.e at hS time .nd RsSe the bonds Hs asn's''a
Az 2 PsGyds %, ss sPn g. MAJ. ,gd nd It To-
ERs,ea, By an Congress. approved August % s2 he
Cana sroGnd the Ya Mary and .,9 hundred and
atty thousand Of The public lands to aid In the
Ehe,ea. Pie said &C: W. .cceptea BY aud the condition,
thereof made obssory upon this sa BY a. s approves
Whs,ea. such Canal having bu and accepted BY the
preservation and usefulness and the due performance Of ne
trust created BY said act Of Co1grs and ne ussnt Of th
SECTION l. TIE pscple q ~. STATE Of Mifa0as mart fhs
the and State Treasurer are hereby srtnors.a '1d
pe.os and contract for loan o.ns not exceeding In all
ons thousand dollars redeemsee The Penie OF ne
a4 AZ .py time after expiration Of twenty years from ne
day Of July IN the year thousand esht sns
n nine on the ee. and mos ,n isers mo-.
oeedns csnun dH1V@ payable hail Jesry % Dc eL
r n H. Ioet, sses and wss thereof a. the Board Of
Control by the act entitled An act 20 provide o ne
~ MsI, F.l. shIp Canal approved February H. 1855 may
deem necessary for the preparation ana e,sas opessn
SECTION For purpose Of efectins The loan on osnf
Aforesaid the Governor and State Treasurer are hereby empow
,rd and directed ssyng first advertised for such loan
one Of the daily papers the ces Of Detroit Bcsion New
Yort and Pittsburgh for least hy a.y' Pna 20 : a
Less thousand dollars esch 10 be signed ~ tue Governor
WITH the re.. sea Of he State ed thereto which d bonds
shan be drawn in favor Of the and o.ns M
oyenor AND STATE Treasurer and transferable By them II
form they aha, dsde 70 b. reasonable Gots'Aa
md J.susry in esh year in the city fNssYort
in the United States should the Governor and s.e
6nd convenient and sdv,utazeous 20 conrrat aud
hereby further declared shall BE- deemed suihceI ere
son Of said power to bo,ioS ~. me ooNer.ot aaa "a
Pyrtdtd That said BONDS shall be sold % the nsne't tade
@ sd ~. .n o ,s, be p.a over 70 the s.se treasurer and
shall constitute part Of the St. Mays Ship Cana fdnd, 20 be
.pped ana aed for the above named po and for no ohef
purpose, wh.ever for which application Of such money tie
hilh Of the State IL hereby pedted. ,. 49,, ,.,r
Mays Pals Ship Canal sfsr paying 'ae .aA and nsee.ey
expenses for the and OPERATING 81 The ssne se tT7e
Interest ss The shall "a. due and the s;s's hereby s0
The payment Of he principe. AID interest Of .ua eood
and each OF Of such tolls and income sns
peosr, II. faith th. default Of such payment VII IN >on-
atonAly ray the skne without delay =,
SECTION All Necessary contingent expenses Incurred y
The Governor and Treasurer IN carrying slt TIE pro on
Of this sct shA .uded BY he Beard Of STATE Auaor, .a
p.d DOT Of moneys the Treasury 10; appr2p
.,es ana b charged ssSns. ssd Cas-. fnd Prori4d ho
r,, Th., the State rreazufef s not member 81 iai
scsrd yot4 N sud,ip9 any c!,im under his section
sIcyIoE D. The bonds the Issue Of which lthorH1 ~
this a. shs be numbered ard registered 10 ooet - D. Pc
pared for tbs, parpse BE- the Auditor General Ia h once
-hch register shA contain Ire nuuber sno1n snd Tncn
can bond due The OF interest and When ara
where the interest able and sscn kond shall eonr
copS Of re third section Of tHis act
kcrtos s. fhs act stall take EJECT Immediately.
EDM q. FAIRFIELD,
President Of The seass-
HENRY A. SHAW.
SPEAKER Of Tie House o. k.fresen.A.veA
Approved, Feb. T. iess-Larsng HArch 1850
NJ. WlsEka- Governor Of Michigan