New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-21

MICHIGAN SIX PER CENT LOAN for tho
I'VE BERFFIT ofthe SHIP CANAL AROUND tho FALLS
sa eriso Al ,t 70 provide for r.psin .ti1s
ana OpsrsDs Of The chip Cana ound he ,. 81 81 Isy .ne
IT, 1889 the uudsr'igleo Governor snh sss treasurer 81 s'
sst hereby sve po.se 20. 90 o.S % 49, bo.5. II
ne state 0, hebisss Of los tap thousand doA.
pu,poe MENTIONED In ssd act doii sIe5uted aodiogo
cot tOe Pnop. IIS'sse >. ,' C
The let Gay Of jay rsI and the interest sJsbs bat year 81
80. ~ I'D cspsi snsr payng expense, q The ana
spTsrs the sssass dssd ars deyPes T. tos
for the. payment PeroBS WISHING 70 bid io ,ro Loan sa
yss.s .de,s proPo.s, 70 ne & s or nd
bms the Artisans Bar h. in the City OF hs~-Yors where
The pesotsti0D sil BE completed.
PsreDs 70 whom said los9, part thsIeo n'sy ,.
swsded vii be requd 20 deposit he amount Thereof . the
Sac TsSarsr Of state Of mieBsso 10 'ocs Sank as he
nay Ssssnste at tas tine and p,oe s bonds are delivered
srs Of tSs SHIP Car a soun3 the F.i 81. Mary aad
Ehysas By a. OCT Consrss, approved AoruT g. 1852 the
Of TIE Usitd sts.s sIsn'.s se nsh % ,oc 1
City thousand Of the public andsto aid IN the eonaoa
Wh,,.o, The sid &c. .oceptea BY AID the condition,
thereof made obsatory upon hs s'A'e BY a. '''PO'''
A,saa saca Canal having built and accepted By The
authorities 0; m STATE ia found y need rs2AI. ~ order :? ~
and usefsnes' and the due peIior &c o. we
hn created By said act Of Congress- and tas assent Of A'
sseTIos TIE p.ople Of he STATE Of AieAgan enact Tbs,
the sDd State Treasurer hereby sutnorzed and
ne,osie and contact for loans rot exceeding 81
hundred thousand collars a. The o. .le
Safe al any time aeT the expiration OF twenty IRON me
ft day July 10 the year one thousand esA. ano
n, n't s. Gn so Ss obn.d q, "a i5Sest not e.
esedBs eaiun asnun psysbe hall yescy % o. st
p.udsd aud applied solely IN making from time . time, 'nch
repair. upon locks ard walls thereof as the s9AId o.
's en- ,, f az the s charge and operating Of TIE
3d. Mays as sop C.nA' approved FeSu.y ~ 30 9S
sd Csns the FOIL Performance, Of the ust ABOVE rected
sscrios FOR The purpose o. ehectss the 10 50 or osn'
sd AID directed ,er ,syDs frat aoverst 95 acl i,sl n
one Of the daily p.per, IN the cue, OF pslo poou Wv,
said he made aud Issued bonds In sin' not
s s tS ssostsry Of sts aSS s.s
With q sAe affixed heteto witch ssd bonds
soIssd by him shall become transferable ard delivered 70 e
Governor and State Treasurer and be transferable by them 10
pueh firm A. they Ihal zoe y Dc eaeenaDe - f
and bear Aforesaid payable on ~ hf't 9y OF J1y
IN the United should the Governor and Stats Treasurer
End convenient ard sdvst tsseous 90 10 conso AUG y
S.uS.I nave caused such bones 10 be sold
ProssS Tbs ,sd bonds shall be sold hsnes; bidder
but ,is sold less than ard the oo,ained
o% s sS TS1 s1 Of he st. Mays Ship c.aa ad 70 Be
sPPsd and used for The s1oys uamsd eqps .oa 'l no oas,
isi.S Of he State is hereby Plsdsea 49, 49,, .,s,
All the tolls and other inooe rom me saio o.
expenses the and operating OF he i,e are hereby
interest shall f. due and the State hereby guar
the payment Of the principal aud ntee, 81 .aSo ooo
pss ss. s faith that in Of payment it win uncOn-
aition1ly Roy the without delay
SECTION Al contingent eHnenses incurred oy
Abe oyernor In carrying out the provisions
Of this act Sudeo by the Board Of State AUDITORS ana
paid out Of aoy moneysi the Treasury not Otherwise pp2p
sed and be o6Hsed ssai said Canal fund Pr0sfsd hon
s,y Thai Treasurer shall not as member Oh SAID
BoaId vote In auditing any clslm under his section. .
sEcToN The bos0 the issue OF which Authorized oy
hi. act aha De numbered aud registered 10 book 70 be- pre-
pNfed for that purpose By the Auditor GENERAL In b on e
which register shall contain the number amount ana VT ~
eseh bond becomes due the rate Of interest ant when ana
where the interest paysble and each bond shall contain
copy Of the third section Of this set
SECTIoH G. This act stall take effect lmnedhsey'
EDM &. FAIRFIELD,
Presidea. OF the Senate.
HENRY A. SHAW,
Speaker Of the House Of Representatives
Apuroyed Feb. H. 1859 Lansing March 5, 1853
d. WI5NER Governor Of Michigan.
JOHN MCKINNEY, State 1reAslfer.