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Session Laws, 1835
Volume 214, Page 366   View pdf image (33K)
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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


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


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Session Laws, 1835
Volume 214, Page 366   View pdf image (33K)
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