THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

company, of the amount of the debt thereby certified to

CHAP. 286

be clue by the said company, and such certificates shall

be sigued by the President and countersigned by the

Secretary or Treasurer of said company, and shall con-

tain a precise statement of the amount due thereon,

with the dates at which interest is payable, and if in

If false, void

any case any certificate shall be granted for more than

is actually due to the holder, such certificate shall be

absolutely void, and if issued with the knowledge of

the holder that less is due to him than the certificate

calls for, the whole debt due to said holder of such

fraudulent certificate shall be utterly and absolutely

void, and no interest shall be paid thereon, and a regu-

lar entry shall be kept in a book to be provided for

that purpose by the said company of the amount of the

claim of each creditor, the date of his certificate, the

time when interest is payable to him and the amount

of interest due and in arrear to each.

SEC. 3. And whereas the navigation of said canal

Preamble

has been obstructed by reason of a controversy between

the said company, and John Randel, Junior, a credit-

or of the said company, by judgment rendered in the

Supreme Court of the State of Delaware, on the ver-

dict of a jury, for work done and damage, incurred by

said Randel, as a contractor in the cutting and con-

structing said canal; and whereas, as well the said canal

company as the other creditors thereof, hare petition-

ed this legislature, that the said controversy may be

terminated by granting to said John Randel, Junior, a

certificate of loan, with ample security for his debt: —

Now therefore, Be it enacted, That it shall and may be

To fund the debt

lawful for said company to fund the debt due to said

Randel as aforesaid, as well as the debts of other cre-

ditors of said company before mentioned, by issuing

certificates of debt, with interest payable semi-annual-

ly, to the said Randel or his assigns, as he shall direct,

and by issuing a certificate or certificates of debt to

Paul Beck, Junior, John Sergeant and Gerard Ral-

ston, as trustees, and to the survivors and survivor of

them, or to such trustee or trustees as the said Randel

or his assignees may select, in the event of the death

or refusal to serve of said trustees, to such amount, and