New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-04-07

MICHIGAN SIX PER CENT LOAN for the
Al BEnY1IT ofthe SHIP CANAL AR0UsD 5e FALLS
az eu.d Az , % provide repaAs p5e..rvI:!o1
operating Of he shin Canal around he r q s. Ha .ns
H. 1885, the untssEnsd Governor AID Ss;e Treasurer u iaia
ss:e, hereby CIV. noo- TIA: sonasJ he seuiyhfh o.
be STATE u sobirab Of hoaseaei iOf.r
perpo.. mentioned IN ,sd -. SaiI sIsc1,es ,>ord,s
lie requirements thereof The principal rsdes1abe Y e CITY
afHe~Yo a. the pleasure Of toe s,s IL tssity ssr Ton
SIX Pa CIV ~ PER AssJn IN .sd cg fls .o and
sSs. 81 's sr.s ~ y @ 9s @
r'esnpeO Of the Bond. and .ss Ah o. ne ssa. Pedssa
pas .ddre" propo'ei 70 the unseIned ss;e Tfe.sler q
s,aE !. :a the A.h. b. l. h u. City q syYcIi where
the pesotia1on sid be completed.
rs5sn' e whom "a. c,s n, "a, ;as.s &c.. Sss p:
STATE Tr,s'ur.r Of s.As Of Hiehi,.n IN nen sans ss
saa vet |. u the faio~ins words:
AsT Ps.as g. ts .sY;nS Of a. Ma. .Td .s p
perform The trur: respectDs the f:me q, ,.s, II, =
#hersa B, 80 :c' e ccne" :lgroveS AsIs' - isx az. p.
Canal around 81 g. nT and $50 HUNDRED aud
sy thousand Of the public lands :" sd IN the soa0a
EIersa The said sec.ptet BY, and he oondton,
t,sreof made obligatory oP'n iAs Sac % ~ approves
HSsas soco Canal having ban: .ud socsFed By III.
.uboss state found n-et rePSs IN order % 4.
veseTaton and usefulness and tie due Performs &c Of the
trur created BY ,ad sct Of CoHEes' ard the Leui Of mis-
sfe1ios l. fsssegp. q q. stat o hisstsaa -.ast 7h,.
The
b. and seh,t Of the people Of TIL, stas 70
nesose and contract fo sn or o.ns rot eIcsedns N AZ
sass any tine after the sIpsson Of senty yea, Tom ne
6r day July IN the year one toon1na .s. e1naiso sns
their judgment be obtained oteTe't not e1
eeeolns SIR oEirn pr a1av@ paJsoe a1 Je.ry y De si
isp-in upon locl, gates and walls thereof be Board
Control created BY the at ettted An a." 70 provide oI ne
collection Of tolls for the charge and operating Of the
o. Mays RAl, sbp Csns" approved Fssrl.ry l9o HsJ
deem necessary preservation and efficient operation Of
al a he
srcTios For the pUrPe.- Q, ehscps s o,n On os1
.rsd and directed sviDg frat advertised fo such loan
Of he daily 10 the elite, Of Detot. boston
s,d loan 70 made issued bond, In .a' not
e than thousand dollars e.h TO ss snea tss So,rnoi
1Dd the Secretary Of ste ana sac Treasured
the zeal Of the State affixed thereto which aid bonds
,bs be dr., In favor ct the Auditor and being In.
do,.d by him shan become transferable ard delivered TO The
State Tressuer and be AnSerabe BY mem
and H be.s s.. :. Aforesaid payable on the m day Of ,
and January IN each year In the city OF OF
and n oouyeniept and .dv.ageous oontI.c:; and a
hereby further declared that ah4h % deemed dsn exc
treasurer have caused bou3s be executed ard ,od
PrOsdd fhst said bonS. .h. be .od 70 me hsss Ssds
DON said shah be paid TO the s..s fr,surer and
,pp.d ,pd Tor named rVposs and FOR other
purposes whsever for which Application OF suh money the
sb of he STATE Ia hereby pledged
sEcTIos S. All the toll, aud other income rom the sia -
ksys Falls Slip Canal sher paying TIE sus and Necessary
pledged sbd devoted the payment Of sd lords principal and
interest the shall fail DUE and the state hereby sas-
sntees he p,ynen. principal and oere,: Of such bond
and Of em out Of such tolls and income and
pledge, fat. that In default q such payment. it win uncOn
lltopslly pay the without delay
Section All necessary contingent ezpenses Incurred BY
lie Governor TreAxuer IN csyins cut the poVsons
Of this act shall be audited by the Board Of State lndo snd
paid out Of any moneys the Treasury rot Otherwise spropn
ed and chased against said Canal fund Prostded hotc
sso Ths, The State Treasurer shall oo As member 81 SAID
Board vote In auditing claim under hts section
SECTION The bonds The Issue Of which Is Authorized ey
bi, sc shall be and registered IN book b. be
s,y3 for thu. parpose AuaorGe Ia bis 0tise
shch register shall contain the number amount and when
sh boud due. the rate Of interest," and when and
where the interest payable; and each bond sAaD contain
copy Of the third section OF this set
kkcIIoI 8 This set shall take effect Immediately
EDM g. RAIRFIELD,
President OF the sensts-
HENRY A. SHAW,
sp..Ier Of the uouse 81 Representatives.
Appyov.a Feb Il Is59 LANSING March 5, loJa
WISNEk Governor Michigan