New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-22
MICHIGAN SIX PER CENT LOAN for the
UI BENFYIT a the sHIP CANAL AROUND the FALLS

BENgfI1 a the bhIr ChNhL hhOOND rus
sr NARY In Pursuance Of an oct Of sae state Of kh
a. sDuic An act 70 provide Tor tbe .psrs
perform tbe tu't resPsens the ..rs sfg.o,ed Seens
Ss und.soed Governor and STATE Treasurer Of sac
STATE brsby sive that Monday the twenty bnh Of
Ayr nsst tbsy for the hsnest bidder bon6s Of
" s,s q s1O q ono not bS s az so Sss the
In sad sct dulJ exeontea soord 20
ri a. .be Of the STATE IN
M H az q ny .SS1M On 10 I G The siS tons and in
q ssd Csns ss PsSlt the sxpeG'ss o. se care ,o
eps.in e,eSf are the sssa's Rsesrd sns d.sG:'S s
Cor n'h payment Persons ~ihns 70 bid for sA6 Loan ~n
m,espaS witch vii be opensd BY the Governor and
hseh the Artisans Bar in the City Of hewYors where
Pspons TO whom said loan or any part thereof .HsJ %
s-ds viii be r.Su,6 sS sU ,aeb sssR
sy designate ts ns and place the bonds are delivered
s.id 50, is IN TIE following words:
provide for the repairing preservation and opef
stSg Of he sb around the FEELS Of st. Mary sad to
Eh,sa By 40 set 6f Consr, approved August % 1854 The
c s Of ne und sts.s sn.o a sn. 70
Gay thousand acres the public lands to ed IN the
Easr.as The said act accepted BY sud the conditions
sreof made obligatory upon this STATE BY an act approves
WAsas suca Canal having built and accepted by the
boh. Of this state found TO need repairs IN order 70 Ia
TsservstoD and usefulness aud the due performance OF the
r created BY said act Of Congress, and ths assent oil Nils
sscTIas l. lac people Of ii. state Of Mielieaa snnet This.
s Governor and s.ts are hereby 'aos ,. s1s
.9s sosts sn or .ps not sroesdins al
hssded thousand dollars Tedeemete at the pleasure OF Tue
st dsy Of July the thousand eight hundred and
sy nine the beat and most favorable terms and
judgment be obtained at an Interest not en-
esesps per annsr, payable half yearly TO be eI
psbasd sppsd oey in m.fhg from time TO time such
Fep.irs upon the locks gsies aud thereof the Beard OF
Control created by the at entitled An act provide foI the
= S. spS Coz ns ss Se ss. IL ss
deem for the preservation tnd efficient oPefson OF
For the purpose Of esectos the loan orr
sss TIE Governor and state Treasurer are hereby eEpow
ooe d the daily p.pers cite. Of Detroit Boston New
1:l .nd uush for least ny S.y. Pona IN S@. 1o
than thousand dollars each 70 be signed by toe
s1s ss y n. s SsTto which said bonds
drawn In favor Of the Auditor General aud being IN
ev,rno1 State TREASURED and be transferable BY them 70
so m q they .hs s 70 ., oO ,n s SsS of
JspusTy IN each yea In the CITY OF OF
soS u and sdv to contract aud 10
hsseby further declared that shall pc deemed sufficient exc
caused such BONDS to be e1eo9ed and soa
Pr.vsdtd That said bcnes shall be sold 70 the hshe'
shall be- cold At less than pa and the money oouea
nn n.a,. s. Of The st. M,rys Ship Canal fund
ISL ned ~ tss above named purposes and for no other
psTposes for which Application OF such money the
sEeTIoS All the tolls sod other income nom the said st
Aays FAILS ship Canal aher psJos tho actual and necessary
psred devoted the men. Of said DO, d. principal ad
interest as the saoe sh. M due snd tee sts h.,coy so
ss& sseb and every Of them out OF such tolls ana a.a
Ste faith ths in default OF tucn pey meht WI" uncon
aitionshy pay the SANE without delay.
sneTIok All necessary contingent expense. incurred BY
State Treasurer In carrying out the poSsong
baa be audi ed BY the Board Of state Auditors and
ped out 81, the Treasury not otherwise .pPopu
stsd ehsssd Gganst said Canal fund Provided hoo
sss That Stae s shall not member Of said
Beard, n sudtitg any clsiri under the section .
s1cIIos The bosds the Issue OF which authorized ~
ha be nnmbesed and registered In book 70 be pre-
p.rod for purpose bs the Auditor IN his Office
AIoh REGISTER sha contain the number, amount aud when
- bond becomes Gae the of Interest and when and
hre the ki4res payable; and each bond shall contain
eopy Of the third section 81 this act 49,
krsTIoE g. Iris act sbsli take effect I'm nselstely.
ED'M " FAIRFIELD,
Prosiden. Of The ssnsee.
HENRY A. SHAW,
.Vpsake- Of the House Of Representatives
Appro,el Feb. "a is59 -Lausps, March 3 lS9
NJ WISNER, Governor OF Michigan
JOHN MCKINNEY, state Treasurer.