New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-04-25
MICHIGAN SIX PER CENT LOAN for the

u
w BENEFIT Of the SHIP CANAL ARoJ ~ the FALLS
Of sE hARYIn pursuance Of an ac' Of the S,a'e Of Mem
operating Of the ship Canal around the Fall Of s. Many ad
% perform the trlst rrpecus lie sanr approved fe1tlay
state hereby give notice that on Monday i- twenty aiih o.
an nea thS Gi Gne o ,f :. ne a-- ,c.,r5 sos
each 10 the amount If hundred thousand doa Tor the
r-r.- mentioned in SAID act duiy executed scnns
Nv 81 he ps.are Of ne sae IN 49, yer. rom
SIX p PER s' 6EST PER r. iS an "a aid Ky TIE 3 sud
cone Of said Canal att Pyins the o. ~, ere ~, b
rd,mption Of the Bonds the hoi the se IL prdEd for
their ts ment Persons wishing bid for .d Ian vii pes-e
sdde.. proposals to the undersgnrd sat Treasurer a. Lansing
Michigan which viii b. opened by lie Goyerut aad INNS ~
the Artisans Bank in the City Q! York where The nsia
Person. to w6om aid loan Or aay par ihe-eof mag b
sac Tearer n he Sac 81 Michsan in such Bank
NAV designate the time and Place he bonds delivered
An AeT 70 Pyde for ,as spsns Prescs%SH and sPr 70
perform III, trust resp4ctius the 80,
Wheyeas BY Of Congress approved August D 1882 the
Cana arooad the Pals 81 81 May and -o hundred and
fry thousand the public Ands aid m The construction
WAcyea The aid act va. accepted By, sad the condition.
thereof msde obligatory upon ths STATE oy On '' sPPo'r'
HicSa, such Cais having been built and a'reped hy the
authorities Of this STATE T. found need repairs ~ order % s
preservation aud usetuness aud he due Pf'fnAnr q" We
tust created BY said act Of ,ose' and the assent o. TINS
sEcTIos l. The peple Of The STATE Of Michigan Hdet Thst
the Governor and Sttr TREASURER are hereby suhonld and al
S DOLLAR redeensbe AZ the p .ure Of IT, s,sie
any time after The expiration Of twenty years from ne tfs'
day u July in the year thousand eight HUNDRED and hy
their Judgment BE- obtained al utTcr not exceeding
per eens per payable half yearly % be expended and
tf Ioes st', aud walls thereof the # Coutfoc aed
by III. act entitled Al se ~ prov de Tor me o. tt
Ship Canal" approved February L. 1857 may deem necessary
for The and e t operation O! said Casa and ne
| fUn Performance q the truf above Ieci'ed.
sfc1oS For he pup.e q acng The loan or ioans .iore
directed having first 'rfs-d M 'ach loan n one %
tie daily pap 10 tae Cities Of Detroit B's3n NeNfoJ ana
Pitsbufsh o least thirty days pnor ueo'is'iLs SID a
10 csu.- b. be- inside bonds, IN @ iEan
1.sud 5srs rscb to be- surd by the Governor
ed by ,he SECRETARY of aud IrtuIeT With The
-,s II the State afxed thereto which sss bond. 'ha ."
draw in favor OF the Andor en ra and being ndod by bin
Treasurer and be transferable by them in such form they .
sforr,d payable the frs day Of July aud January II Zach
year the City Of New York elsewhere n ne Cne Ssie'
should the Governor snd State Ttes-r lind -nirnt and
advantageous 20 e'nirart ard hereby artn-r ard
that thu deemed suece execution Of aid power
such bonds 10 b. executed and I'D Pvotd,d Ths aid ud
a.. ~ I'd b@ oey o5,sned from aid osn .bs D. pad
over to T,ssUrer hA constitute par Of the -
hsD SLIP Canal fund 20 D. appicd and u,ed i 70 asy
sh'a - ~ tb fi,h ~ H. 80. 1. bg el,dr.o
SrcrtoS All t- tolls and ch-r income from th- aid >
Mars Pals Ship Canal after paving he sexual sHd Necessity
1Puses ioI ne care and opI,,ls o. sg ,.l1 M .sU{
It.e. h. p.ypr Of The principal sad interest Of bonds
md rr I'd ryegy Of tlfn OF q .eb tos and income AID
pledges faith that in default Of such psyHrl o. n uLcJa
| GitouaIy pay the same without delay.
SECTION Al necessary contingent "EIr.e- Occurred y
Governor and Sc Treasurer IN carving out The provision.
u ts at a.i-d By 20" Bead A-1i;1ss. aEa
paid the MONEYS IN he Treasury not othris apopr
led and be charged against sii Canal lard. FT7rct ho'
erer Tha the Treasurer shall CO. neno~r ~ -ad
Board ,o.r IN auditing ca m -Hder Ibis section.
SECroS Tie bonds. the Ssue ~ Which = sun"7td OS
lis act shall be numbered and Tess'rd IN oos % r. pre-
pared fyr parps. b. III A-dit0GrI-- ia hls 1he~
phich register shan cor.sin he number, amor ed when
bond becomes due, the Of rest; AZ "1en al
th- interest PAYABLE auc each bond sl 'l--1
| copy o. tIe third section u .his act
sJlrfos c I'll, ac' .rsl tas@ etc, immediately.
EDM x. FAIRFIELD,
President u liz S--s.-.
HENRY A. SHAW.
Speaker Of ths H0u.s Of r. pTrF-atl4s~A
App-3v,3 Rrrl H. le5a.-L4Isi1g, isTrk 8. iSiH.
AZ NIsNEk. Governor % " Culssn
John NJ kIssfi S-s'@ Tresslr--.