THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1835.

terest from the twenty-fifth day of January, eighteen

CHAP. 379

hundred and thirty-four.

SEC. 2. And be it enacted, For the purpose of so

May grant certifi-

founding their said debts, it shall be lawful for the said

cates of debt

Chesapeake and Delaware Canal Company to grant

and issue to each and every of its said creditors a cer-

tificate of debt, for the amount due to such creditor;

which amount shall be ascertained in each case by

How ascertained

adding to the principal sum, all arrearages of interest

now due, and all interest to become due, at the rate

of eix per cent per annum, up to the first day of July,

eighteen hundred and thirty-six; except in the case of

said John Randel, Junior, whose certificate of debt, or

J. Randel's claim

the aggregate of whose certificates, if he shall prefer

specified

to have the amount subdivided into several certificates,

shall amount to the sum of two hundred and twenty-

nine thousand eight hundred and twenty dollars, which

shall be taken to be the amount due to him, as of the

said first day of July, eighteen hundred and thirty six,

after deducting all claims of the company against him;

and shall be received by him or his assigns, in certifi-

If accepted, to be

cates as aforesaid, in lieu of all demands against the

final

said company, and shall be considered as a final and

absolute adjustment of all pending suits, causes of ac-

tion and matters in variance between the said John

Randel, Junior, and the said Chesapeake and Dela-

ware Canal Company, or between him and the direc-

tors, agents, committees, creditors, garnishees or any

of them of said company, and every other person hav-

ing acted in behalf of said company.

SEC. 3. And be it enacted, That the said certificates

Certificates shall be

and every of them, shall at all times be good and valid

valid

evidences of debt against the said company, and shall

be deemed and taken so to be in all courts of justice in

this commonwealth and elsewhere, as fully as if the

debts had been created, and the certificates provided

for in the original [chapter] of the said company; and

Bear intern

each of the said certificates, and the whole of the

said funded debt or debts which they represent,

shall bear interest at the rate of six per cent per

annum, payable at the office of the said company in

Philadelphia, on the first days of January and July,

85