The Text

After the debts specified in section one are paid or provided for, according to the provisions of section two, the revenues of the canals, after paying the expenses of collection, superintendence and ordinary repair, shall in each fiscal year be paid into the treasury of the State, to pay the amount advanced since one thousand eight hundred and forty-six, for canal purposes by taxation, until the whole amount so advanced, with interest at five per cent, per annum shall be paid, and until any amount hereafter advanced for canal debts or other canal purposes, with interest thereon at five per cent, per annum, shall be paid ; but the moneys so paid into the treasury may, from time to time, be appropriated by law for the improvement of the canals, or for such other purposes as may be deemed proper. But the said moneys shall not be anticipated or pledged.