The Text

The canal debt of one thousand eight hundred and forty-six, amounting on the first day of October, one thousand eight hundred and sixty-seven, to three millions, two hundred and forty-seven thousand, nine hundred dollars ; the general fund debt, amounting at the same time, to five millions, six hundred and forty-two thousand, six hundred and twenty-two dollars and twenty-two cents ; the canal enlargement debt, amounting at the same time, to ten millions, seven hundred and eighty-five thousand dollars, and the floating debt loan, contracted under Chapter two hundred and seventy-one, of the Laws of one thousand eight hundred and fifty-nine, amounting on the first day of October, one thousand eight hundred and sixty-seven, to one million seven hundred thousand dollars, shall hereafter be known as the “canal debt,” for the payment of which the canal revenues are hereby pledged ; and the several sinking funds, applicable to the payment of the said debts, together with the contributions to be made thereto, and the income thereof, shall be known as the “canal debt sinking fund.”