Register of interest and 6 percent of principal payments made to subscribers to the $1.6 million canal construction loan, 1845-1849.

  1. Resources
  2. View Resource

ArchivalResource

Register of interest and 6 percent of principal payments made to subscribers to the $1.6 million canal construction loan, 1845-1849.

http://www.worldcat.org/oclc/37454106

Register records Illinois and Michigan Canal Trustees interest and partial principal payments made to bond holders for bonds 3365-3486, for the subscription period June 28, 1845-May 1, 1846 (bondholder or legal representative payment acknowledgement signatures do not indicate actual payment date). Entries include subscriber name; first thru third installment payment dates, amounts and interest accurals to September 20, 1848; issued bond certificate serial numbers; fourth installment amount and final principal payment to subscribers or legal representatives with their receipts acknowledging interest and 6% of the prinicipal payment.

ledger 1 volume.

Illinois State Archive

Information

SNAC Resource ID: 7393359

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...