Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1859-06-22

en- dollars and eighty five cents is hereby direct.
led to be paid said company bv the auditor q
stale and attorney general. in the manner and
upon the terms in this act contained.
Sec. ,. The auditor of state IS hereby direct
ed Immediately upon the passage of this act, tc
draw his warrant upon the treasury in favor o
Boyle & Roach, for the sum of eighteen thou
sand one hundred and fifty seven dollars and
fifty seven cents. which sum, when so raid to
said Boyle ,e Roach. shall be deducted out of the
amount in the first section of this act directed
Ia he paid said company for such enlargement
and when paid. tine receipt of said Bowie d
Roach to the State of Ohio shall he received bv
said company aS 50 much money. and shall Oper-
ate rs IN extInguishmeat Of 80 much of the cost
OF the enlargement of said reservoir, and shall
forever acqI it and discharge said company ofalI
labiliiy to said BOYLE Is Roach for any claims or
demands OF the part Of said BOYLE q; Roach
against said company on account ofsaid enlarge
ment.
! See. 3. If the said Mimi hydraulic manu-
featuring company shall not seIti. with the state
and surrender ali rights acqui ed under the con-
tract for the enlargement Of said reservoir, and
70 and perfnrom all other acts required by
this act according To the Ierms thereof. then their
right TO collect water rents for surplus wafer OF
said reservoir of the Miami and Erie Canal
shall be suspended; and tie board Of public
works are hereby directed to collect and pay in
f. the state treasury all water rents Of said res
eryOr canal, until said rents so collected shall
h. equal in amount To the sum yard said Boyle
4 Roach, and the accrued interest thereon, COM
puted at six per cent per annum.
See. 4. Upon the settlement with said COM
pany for the enlargement of said reservoir. and
company sl.ail be charged with all water rents
by them collected upon said reservoir and the
Miami and Erie Canal and with interest there
on from the time the same were received by
said company, computed at the rate Of six per
cent. Fer annum; and upon payment of the bal
ance due said company. after the payment of
Boyle d Roach and e deduction OF the water
renls, as in this act directed. said company
shall convey 10 the State of Ohio all lands by
them owned and held in connection with said
reservoir; and the contract between sad company
and the board of public works. made under and
in pursuance of the act of April I, 1856, shall be
void and of none effect; and all leases made and
rights acquired Hereunder bv said company, 10
all intcnts and purposes. shall vest in and be en-
loved by the State of Ohio, and the board Of
public works. on being Motif d by the attorney
general of the final settlement of all claims as
herein provided. shan take possession of said
reservoir and It's appurtenanceS, shall contract
for and collect all water rents arising out Of the
lease ofthe surplus water of the same, or Of the
Miami and Erie Canal, and the same as in said
contract had never been made, whenever the
said company shall perform the matters aad
things in this section required, the II eSlall be
taken and held r. surrender of the said COM
pany acquired under the contract for the enlarge
Inent thereof. and the auditor Of state shall
ihereupon draw his warrant for whatever bal
ance NAV be due them after making the deduc-
tion in this act directed.
sec. :. The capital stock Of said company
negotiated by Il. :. Hamlin Ia " illiam IL. Glib
son. and shown Lv the testimony taken by the
treasury investigating committee 10 be IN the
hands of c. J.. johnson, i hereby declared 10 he
Tie property of the state ald all liability of said
company TO said Gibson. johnson, or any assign
ees OF them or either ofthem. Is hereby declared
annuled and ma;ie void and the pro rata divi-
dcni due said stock. on setilemedt of said COM
.,.nv With it, Stockholders. Is hereby die ted
70 he retained aS the money of the State Of Ohio
and the same shall be credited To ". II. Gibson
upon whatever amount he may be found to owe
the state on settlement of his accounts tr
nrer of State.
Sec. 6. The auditor of state and attorney
general are hereby q irected and empowered 10
settle with said com; any. under aHd in accoEd-
ance with the provisions of this act. All pay
meiltS Of money IN this act directed shall he
made on the warrants Of the aGditor drawn in
Uniformity TO law: and all expenses incurred by
said auditor and attorney general in the execu-
ton of this act shall be reimbursed out of the
treasury; and this act shall be in force from and
after It's passage.
WILLIAM i. WOODS.
Speaker Of the House of Representatives.
MARTIN WELHER,
President OF the Senate.