Loan certificates, 1845-1847.

  1. Resources
  2. View Resource

ArchivalResource

Loan certificates, 1845-1847.

http://www.worldcat.org/oclc/37453814

Certificates are copies of agreements made between the Trustees of the Illinois and Michigan Canal and subscribers to the $1.6 million canal construction loan authorized by the General Assembly in 1843. Agreements include subscriber name; amount paid as first subscription installment; interest amount to accrue on first installment; principal and interest payment terms; signatures of officials entering into the subscriber agreement; and subscription number.

.5 cubic ft.

Illinois State Archive

Information

SNAC Resource ID: 7393353

Illinois State Archive

Related Entities

There are 1 Entities related to this resource.

Illinois and Michigan Canal (Ill.)

http://n2t.net/ark:/99166/w6b38m7k (corporateBody)

After the U.S. Congress granted nearly a hundred miles of public lands (between Lake Michigan and Illinois River headwaters) to the state of Illinois for canal construction (March 30, 1822), the General Assembly passed a canal bill (Feb. 14, 1923) establishing the Illinois and Michigan Canal Company. Following this company's failure, Congress donated Illinois land (March 2, 1827) "equal to one-half of five sections in width, on each side of the canal, reserving each alternate sectio...