New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-04-13
AND HORIZON FIRST
MICHIGAN SIX PER CENT LOAN for the
lEI RERREIr ofthe aRIP CANAL AROUND the YALL9

~
Of ST. MARY-In pursuance Of the State Of Nlch
S AZ i. sna G he ss aDa
perform the tru respecting the .se .pgToysd
state hereby give notice that Monday the swenyhah Of
P hey viii 0s n for . 70 a5s boa.nd
each the amount OF hundred thousand doa or s
he requirements thereof the principal sdssm.bls IN the SJ
the pleasure Of the State In twenty ear, from
s iSSoS I G st
Of said Canal after paying the expenses OF the care .s
rssempon Of the Bonds faith Of the State pedsea
Tor their payment Persons wns 70 oia 1871 S Loan W.
t.ncn With viii be peGsS S me .as
The negotiation win be completed.
whom said loan any part Thereof may Be
State treasurer Of he STATE hcss,n IN such Bank 10
At s Ct S dSS s , %Srd s'' ne S'H''
As ACT PSy 70. the sn S IT. @.s spd and NsT
Essa. By an act q Congress approved Ausss % lSs2 he
S1 me @ Of S. Mary and hundred
any the public andsto aid the CONSTRUCTION
HIeTea. f6e said accepted BY and the conIition:
thereof made obhssory upon ta' eS'e' ~ al s0' 'pP
B5srsas SUCH Cans. having built and accepted BY ts.
rvson and usefulness and the due performsoce Of ths
ru, created By sad act Of Congress- and the assent OIL oi'
ssoTios l. peorl. q ae STATE " Nicsisan s.aet fh.,
Gs IN n. name and behsI Of the people Of
negotiate and contract for loan or loans not eIGeedins N al
s Al any time after expiration of twenty from tho
day of July IN the year one thousand eeh WA
ty nine the best and most favorable terms ana
th n their nent be obtained at an interest not eI
osedDs e:niu Per anns psJsse hs yeaI DC sl
repairs upon locks AID walls thereof the BoNd OF
Ccnol crested BY ne act etsa nd oosr,s Of u.
g. Mays Falls Ship Canal approved FeoIasy IL 100 uAy
aid Canal d the full perfOmsocs Of the trust above reeted
SECTION For the purPo.s o. eheenne ,ae o1n on
ere and directed AFTER having first Advertised for sucn loan n
one the daily papeu in the ede. OF Detroit boon New
.d loan TO cause to be made and Issued bond, In sufns not
e,. than thousand dos each 70 be snsa S the
With the sre1t Of the State affixed thereto which .d bone
ha Be drawn in vS Of the enc ss snS S, 10 y.
State TREASURED and be transferable BY them 10
and to bear Aforesaid payable on The srI DAY Of July
and January In each year IN the CITY OF New OF
in the should the Governor and STATE Treasurer
fnd Il convenient sdv.uageoas TO contract aud II
hereby further declared hat ,iaR be deemed sufficient exc
custom az ta6 power borrow that the Governor aud bae
Treasurer have such bonds 70 Be executed and sd
Prosded That sd bends shall be sod to the hsas'
bat shall rot be sold At less than par ,nd TIE .ney
from shah be paid 10 The State a9o
applied ard above named psPose, sn for no other
purposes whstver for which application OF such money '
SECTION g. All the tolls ether income from the said 81
Nays Fs, Ship Canal ser paying ne sctu, and neGs.s.
pledged and devoted to the payment bond. Ans
tes the same ,hs "a. due .ns the STATE h .Is sS
d and syery OF them Of spch tolls and income and
.ledres m fh that defsRt Of rich payment VII unoon'
ditionally pay III. tame without delay.
srcTIoS Al centinssnt expense. incurred y
IN. ans etae In carrying out the provisions
Of s sc shall audited the Board Of State Audtors AID
said ont any uoneyn the Treasury not otherwise sppp
sted CHARGED against said Canal fund PrOss:d 10y
sse, That the Treasurer shall not member OF ssa
beard vote in auditing claim under his section
SECTION The boKds the Issue OF which IL authorized oy
hi, &C. shan be numbered and reered In book % be pro
s.TeS for tia. purpose b. the Auditor General IN his Office
vhrh register s contain the number, amount and vsen
each bond becomes the rate Of 1tsres and When .ns
the interest psysbei and sAch bono shAl eohbn
copy Of the Third section Of this act
kzcrIo1 a Phi. act ,hsu take effect imne dis.ey.
EpA o.. EAIRTlELD,
Presiden. Of the sens,s.
HFERY A. SHAW,
Speaker Of the aonse Of keprssen.ssvsa-
Aour,v.d Feb IL ie5Q-LanGns, March 8, 1859.
M WIsNEk Governor OF Michigan.
John MCKINNEY, State Treasurer.